Analyst: Risk-off Assets May Experience a "Gap Up" on Monday
BlockBeats News, March 1st, Singapore Oversea-Chinese Banking Corporation strategist Christopher Wong said: "As the market is about to open on Monday, the recent Iran conflict has heightened geopolitical risk premium. The market's initial reaction can be roughly anticipated: safe-haven assets such as gold may experience a 'gap-up opening,' and due to supply disruption concerns, oil prices may also strengthen.
Risk assets and high-beta currency... may face initial volatility, especially when news reports suggest the possibility of retaliation or regional spillover effects." (FX678)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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