{"id":70640,"date":"2023-10-09T15:07:29","date_gmt":"2023-10-09T19:07:29","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/gold-u-s-dollar-rally-as-investors-flock-to-havens-as-israel-hamas-war-escalates\/"},"modified":"2023-10-09T15:07:32","modified_gmt":"2023-10-09T19:07:32","slug":"gold-u-s-dollar-rally-as-investors-flock-to-havens-as-israel-hamas-war-escalates","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=70640","title":{"rendered":"Gold, U.S. dollar rally as investors flock to havens as Israel-Hamas war escalates"},"content":{"rendered":"
\n

So-called haven investments including gold and the U.S. dollar rallied on Monday as Israel retaliated following Hamas\u2019s bloody invasion of southern Israel over the weekend. <\/p>\n

Many investors were concerned about the potential for escalation and protracted conflict in one of the most politically fraught regions of the world. <\/p>\n

\n

Gold futures
\n GC00,
\n +1.37%<\/bg-quote>
\n expiring in December rose 1% to $1,863 per ounce on Comex, while the ICE U.S. Dollar Index
\n DXY,<\/span>
\n a gauge of the currency\u2019s strength against a basket of rivals, rose 0.5% to 106.52, according to FactSet data. <\/p>\n

\u201cGold took the lead as investors flocked to safety,\u201d said Raffi Boyadjian, lead investment analyst at XM, in emailed commentary. <\/p>\n

Seeing gold and the U.S. dollar rallying in tandem has been a rare occurrence over the past 18 months, since a stronger dollar has tended to weigh on prices of the yellow metal and other commodities. <\/p>\n

Other currency-market havens also rose despite the dollar\u2019s strength, including the Japanese yen
\n USDJPY,
\n -0.53%<\/bg-quote>,<\/span>
\n which was marginally higher, while the Swiss franc
\n USDCHF,
\n -0.51%<\/bg-quote>
\n strengthened against its main rival, the euro. <\/p>\n

Trading in U.S. Treasurys was closed for the Columbus Day and Indigenous Peoples Day holiday on Monday. <\/p>\n

Instead, investors bid up high-quality European government bonds, including German bund with the yield on the 10-year German bund, seen as the European bond-market benchmark, down about 2 basis points at 2.866% in recent trade. <\/p>\n

See:<\/strong> The U.S. stock market is open Monday for Columbus Day and Indigenous Peoples Day<\/p>\n

U.S. stocks were likely to open lower on Monday, with S&P 500
\n ES00,
\n +0.77%<\/bg-quote>
\n futures off 22 points, or 0.5%, to 4,319, while Dow futures
\n YM00,
\n +0.66%<\/bg-quote>
\n were down 102 points, or 0.7%, to 15,010 after opening roughly 200 points lower overnight. Nasdaq-100 futures
\n NQ00,
\n +0.64%<\/bg-quote>
\n were also down 0.7%. <\/p>\n

Crude oil prices also rallied, with West Texas Intermediate
\n CL00,
\n +4.35%<\/bg-quote><\/p>\n

CLX23,
\n +4.35%<\/bg-quote>
\n crude futures expiring in October up 4% at $86.21 a barrel. Brent crude futures
\n BRNZ23,
\n +0.01%<\/bg-quote>,<\/span>
\n the international benchmark, were up 4% at $88 a barrel for contracts expiring later this month. <\/p>\n

While the U.S. bond market is closed on Monday, analysts said they would be watching the iShares 20 Plus Year Treasury Bond ETF
\n TLT
\n for signs of safety flows into U.S. government bonds, which could ultimately bring down bond yields and alleviate some of the pressure on stocks. <\/p>\n

Market analysts are now waiting to see whether the conflict between Israel and Hamas spreads. There has been speculation that Hezbollah, seen as another Iranian proxy in the region, could strike at Israel from the north in response to a promised siege of Gaza, Iran helped plan the attack, according to a report in The Wall Street Journal. However, according to a Monday report from the Times of Israel, \u201cthe IDF also said there was no evidence yet of Iran\u2019s role.\u201d<\/p>\n

Geopolitical analysts including Eurasia Group\u2019s Ian Bremmer have speculated that the attack and Israel\u2019s response could scuttle efforts to normalize relations between Israel and the Kingdom of Saudi Arabia. <\/p>\n

Israel has promised a complete siege of the Gaza Strip after Hamas militants invaded southern Israel on Saturday as the seven-day Jewish holiday of Sukkot was ending.<\/p>\n

Hamas militants took hostages and killed hundreds of Israelis, while retaliatory Israeli airstrikes in Gaza have already killed hundreds more, according to news reports. <\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

So-called haven investments including gold and the U.S. dollar rallied on Monday as Israel retaliated following Hamas\u2019s bloody invasion of southern Israel over the weekend. Many investors were concerned about the potential for escalation and protracted conflict in one of the most politically fraught regions of the world. Gold futures GC00, +1.37% expiring in December […]<\/p>\n","protected":false},"author":1,"featured_media":70641,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-70640","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nGold, U.S. dollar rally as investors flock to havens as Israel-Hamas war escalates | iFintechWorld<\/title>\n<meta name=\"description\" content=\"So-called haven investments including gold and the U.S. dollar rallied on Monday as Israel retaliated following Hamas\u2019s bloody invasion of southern Israel\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=70640\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gold, U.S. dollar rally as investors flock to havens as Israel-Hamas war escalates | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"So-called haven investments including gold and the U.S. dollar rallied on Monday as Israel retaliated following Hamas\u2019s bloody invasion of southern Israel\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=70640\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-09T19:07:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-09T19:07:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/10\/1696878450_social.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=70640#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=70640\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Gold, U.S. dollar rally as investors flock to havens as Israel-Hamas war escalates\",\"datePublished\":\"2023-10-09T19:07:29+00:00\",\"dateModified\":\"2023-10-09T19:07:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=70640\"},\"wordCount\":555,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=70640#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=70640\",\"url\":\"https:\/\/ifintechworld.com\/?p=70640\",\"name\":\"Gold, U.S. dollar rally as investors flock to havens as Israel-Hamas war escalates | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-10-09T19:07:29+00:00\",\"dateModified\":\"2023-10-09T19:07:32+00:00\",\"description\":\"So-called haven investments including gold and the U.S. dollar rallied on Monday as Israel retaliated following Hamas\u2019s bloody invasion of southern Israel\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=70640#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=70640\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=70640#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Gold, U.S. dollar rally as investors flock to havens as Israel-Hamas war escalates\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Gold, U.S. dollar rally as investors flock to havens as Israel-Hamas war escalates | iFintechWorld","description":"So-called haven investments including gold and the U.S. dollar rallied on Monday as Israel retaliated following Hamas\u2019s bloody invasion of southern Israel","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=70640","og_locale":"en_US","og_type":"article","og_title":"Gold, U.S. dollar rally as investors flock to havens as Israel-Hamas war escalates | iFintechWorld","og_description":"So-called haven investments including gold and the U.S. dollar rallied on Monday as Israel retaliated following Hamas\u2019s bloody invasion of southern Israel","og_url":"https:\/\/ifintechworld.com\/?p=70640","og_site_name":"iFintechWorld","article_published_time":"2023-10-09T19:07:29+00:00","article_modified_time":"2023-10-09T19:07:32+00:00","og_image":[{"width":1280,"height":640,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/10\/1696878450_social.jpeg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=70640#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=70640"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Gold, U.S. dollar rally as investors flock to havens as Israel-Hamas war escalates","datePublished":"2023-10-09T19:07:29+00:00","dateModified":"2023-10-09T19:07:32+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=70640"},"wordCount":555,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Markets"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=70640#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=70640","url":"https:\/\/ifintechworld.com\/?p=70640","name":"Gold, U.S. dollar rally as investors flock to havens as Israel-Hamas war escalates | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-10-09T19:07:29+00:00","dateModified":"2023-10-09T19:07:32+00:00","description":"So-called haven investments including gold and the U.S. dollar rallied on Monday as Israel retaliated following Hamas\u2019s bloody invasion of southern Israel","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=70640#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=70640"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=70640#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Gold, U.S. dollar rally as investors flock to havens as Israel-Hamas war escalates"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/70640","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=70640"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/70640\/revisions"}],"predecessor-version":[{"id":70642,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/70640\/revisions\/70642"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/70641"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=70640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=70640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=70640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}