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)
