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4/16/24, 9:47 AM UAE, Gulf investors cautious after latest Middle East crisis; gold's down, Bitcoin prices regain | Markets – Gulf News
EXPECT SOME MORE VOLATILITY
"While the VIX (volatility) index - which measures markets’ fear index - gained most
10% in the last five days due to the Middle East tensions, the markets seem quite
resilient without either a massive correction or aggressive selloff. We think the
markets’ risks are not over yet, and volatility is likely to remain high, mainly in the
safe-haven currencies and assets that include USD, Yen and gold."
- Mazen Salhab, Chief Market Strategist MENA in BDSwiss
The precision and limited lethal impact of
Iran's response suggest a strategic
approach aimed at minimizing damage
rather than escalating tensions.
- Stephen Innes, Managing Partner at SPI Asset Management
Bitcoin's up
The main cryptocurrency, meanwhile, is on the mend price-wise, gaining 3.3 per cent
to be in the 66,000 plus levels. As with stocks. expect the various crypto assets to be in
for some extra levels of up-and-down movements.
https://gulfnews.com/business/markets/uae-gulf-investors-cautious-after-latest-middle-east-crisis-golds-down-bitcoin-prices-regain-1.1713162650345 6/7
