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Middle East war jitters hit Asian stocks as crude spikes and safe haven gold surges sharply
International
Published on 24 April 2026
Gold jumps over 2% as oil rockets higher fast
Asian markets opened lower Monday as U.S. and Israeli strikes against Iran intensified Middle East tensions. U.S. futures fell more than 1% and crude prices surged, while investors flocked to safe havens: gold rose about 2.3% and silver gained around 2.1%. Japan’s Nikkei dropped 2.4% and Australia’s ASX 200 slipped 0.4%.
- U.S.-Iran conflict escalation spooked global risk sentiment
- Crude prices spiked as markets priced in supply risks
- Gold and silver climbed as investors sought safety
- Japan and Australia stocks opened notably in the red
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This summarization was done by Beige for a story published on 
Republic