The post US Sec State Blinken told G7 that Iran and Hezbollah attack on Israel could start Monday appeared on BitcoinEthereumNews.com.

US Secretary of State Tony Blinken told his counterparts from the G7 countries on Sunday that an attack by Iran and Hezbollah against Israel could start as early as Monday, three sources briefed on the call told Axios. Iran and its Lebanese ally Hezbollah have vowed to respond to the assassinations by Israel of senior Hezbollah and Hamas officials. Prime Minister Benjamin Netanyahu said at the start of a cabinet meeting Sunday that “Israel is in a multifront war against Iran’s axis of evil. We are striking every one of its arms with great force. We are prepared for any scenario, both offensively and defensively,” per Bloomberg.   Market reaction At the time of writing, the gold price (XAU/USD) is trading 0.71% lower on the day to trade at $2,425. Risk sentiment FAQs In the world of financial jargon the two widely used terms “risk-on” and “risk off” refer to the level of risk that investors are willing to stomach during the period referenced. In a “risk-on” market, investors are optimistic about the future and more willing to buy risky assets. In a “risk-off” market investors start to ‘play it safe’ because they are worried about the future, and therefore buy less risky assets that are more certain of bringing a return, even if it is relatively modest. Typically, during periods of “risk-on”, stock markets will rise, most commodities – except Gold – will also gain in value, since they benefit from a positive growth outlook. The currencies of nations that are heavy commodity exporters strengthen because of increased demand, and Cryptocurrencies rise. In a “risk-off” market, Bonds go up – especially major government Bonds – Gold shines, and safe-haven currencies such as the Japanese Yen, Swiss Franc and US Dollar all benefit. The Australian Dollar (AUD), the Canadian Dollar (CAD), the New Zealand Dollar (NZD) and…

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Filed under: News - @ August 5, 2024 1:18 am