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Markets Gold soars as investors seek stability
The Guardian
|June 14, 2025
The price of oil and gold has soared and stock markets have fallen after Israel's strikes against targets in Iran.
The escalation of the conflict in the Middle East, the focal point of global oil production, prompted a sharp increase in wholesale prices, with Brent crude surging more than 7%, briefly moving above $75 a barrel after news of the attacks broke to its highest level since April.
News of the strikes also affected the aviation industry, as airlines cleared the airspace over the region, while investors turned to safe investment assets such as gold.
The British Airways owner, IAG, was the biggest faller on the FTSE 100, closing 3.7% down, and shares in the budget airline easyJet ended the day 2.7% lower.
Diese Geschichte stammt aus der June 14, 2025-Ausgabe von The Guardian.
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