Weeks-long war with Iran could start within days; gold, silver and oil surge

Global markets are reacting sharply to rising tensions in the Middle East, with safe-haven assets climbing as risk appetite wanes. Gold, silver and oil have advanced while Bitcoin has slipped as traders rotate out of risk-sensitive assets. Intelligence and media coverage point to a substantial U.S.

and Israeli military buildup in the region, raising the prospect of a broader, weeks-long campaign if diplomacy collapses. U.S. forces in the area now include two aircraft carriers, 12 warships, hundreds of fighter jets and multiple air defense systems, alongside more than 150 cargo flights transporting weapons and ammunition; oil briefly surged above $64 per barrel after the developments.

Commodity markets have been the immediate beneficiaries of the heightened risk premium, with silver posting some of the strongest gains and some commentary showing gold trading above $5,000.

Iran, Middle East

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