Markets Turmoil as Geopolitical Tensions Escalate: Crypto, Stocks Plunge While Oil and Gold Surge

Global markets reeled as Iran-Israel hostilities triggered a flight from risk assets. Dow futures plummeted 400 points, with tech stocks bearing the brunt as Nasdaq 100 futures sank 1.3%. The Bloomberg Dollar Spot Index slid to March 2022 lows as investors scrambled for havens.

Gold extended its rally with a 0.8% gain, trading at $3,406/oz as military actions intensified. Oil prices surged alongside precious metals, while cryptocurrencies mirrored traditional markets'' downward spiral. The crypto selloff reflects growing correlation with risk assets during geopolitical crises.

Market dynamics underscore the dollar''s weakening safe-haven status as investors diversify into Gold and digital assets. The simultaneous drop in equities and crypto suggests traders are pricing in prolonged Middle East instability, with capital preservation becoming the immediate priority.