Mixed signals
Airlines are spending 56.4% more on jet fuel after the Iran war started, which is a clear sign of a severe oil supply shock. This will almost certainly push oil prices (BRENT) higher over the next week as physical supply tightens and geopolitical risks grow. At the same time, gold (XAUUSD) is strongly expected to rise as investors seek a safe haven from both higher inflation and a slowing economy. If you're watching markets, keep an eye on gold and oil prices this week.
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