War Effects: Oil Up, Shares & Metals Down

Oil prices have soared – although Iran only supplied 5% of global oil production in 2024 delivering mostly to China, its vicinity to the Strait of Hormuz roils markets.

Although safehaven assets like precious metals typically soar in the face of global instability, over the past 10 days, gold, silver and palladium prices dropped by up to 10%.

With inflation expected to rise, bank rates are expected to stay put, keeping investors more committed to bonds and treasuries instead of switching to gold.


Share prices fell as the world now expects higher inflation and higher interest rates – but Bitcoin  rose.


David Manners

David Manners

David Manners has more than forty-years experience writing about the electronics industry, its major trends and leading players. As well as writing business, components and research news, he is the author of the site's most popular blog, Mannerisms. This features series of posts such as Fables, Markets, Shenanigans, and Memory Lanes, across a wide range of topics.

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