OCBC Analyst: Safe-Haven Assets May See "Gapping Up" on Monday

Christopher Wong, a strategist at Singapore's OCBC Bank, stated that the recent Iran conflict has heightened geopolitical risk premiums as markets approach Monday's opening. He anticipates an initial market reaction consistent with expectations, with safe-haven assets like gold potentially experiencing a "gapping up" at the open. Oil prices are also expected to strengthen due to concerns about supply disruptions. Wong further noted that risk assets and high-beta currencies could face initial volatility, particularly if news suggests retaliatory actions or regional spillover effects.

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