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The South American country has been cash-strapped since facing global sanctions.
"When you look at the geopolitical strife, how many foreign entities really want to hold dollars?" Bridgewater co-chief Greg Jensen told the Financial Times.
Gold punched above $1,600 for the first time since 2013, and oil spiked. But the gains fizzled. "They've barely scratched the US," says an analyst.
Bitcoin has been touted as a "safe haven" investment, like gold, in times of geopolitical uncertainty. "The evidence isn't there," says one analyst.
Traders fled to safety as Trump doubled down on Iran threats while Iran abandoned a 2015 nuclear pact. Gold was up 1.7% in Monday trading in London.
Gold on Monday soared to a six-year high of about $1,588 an ounce, while oil jumped past $70 a barrel.
‘Likely just the beginning’: Here’s what 6 experts are saying about what Trump’s deadly Iran strike means for already-shaken m...
Many analysts are saying Friday's market swings should be ignored, and even present an opportunity to buy stocks while they're low.
The safe-haven asset typically surges alongside rising geopolitical tension as traders flee volatile markets for hedge investments.
Oil surges and global stocks sink on fears Trump’s Iran strike will be ‘deemed a declaration of war’
Markets swerved Friday after the US killed a top Iran military leader. Futures underlying the S&P 500, Dow, and Nasdaq slumped at least 1%.
The S&P 500 also notched a record high, while the Dow Jones Industrial Average jumped as much as 1% before falling below its Tuesday highs.