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Geopolitical Tensions Trigger Market Turmoil as Investors Flee to Safe Havens
Geopolitical Tensions Trigger Market Turmoil as Investors Flee to Safe Havens
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US equities plummeted following military escalations between Israel and Iran, with the Dow Jones Industrial Average shedding 769.83 points (1.8%) in a broad-based selloff. Tech stocks reversed their recent rebound, while defense contractors and energy firms rallied on heightened geopolitical risk.
Crude oil futures spiked over 7% as traders priced in potential supply disruptions. The flight to safety extended to gold markets, though cryptocurrency reactions remained muted despite typical correlations with risk assets during crises.
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