Crude oil jumps 5% | Dollar hits 1-week high as gold & stocks fall
Edited By WION Video Desk
Published: Jul 08, 2026, 18:42 IST | Updated: Jul 08, 2026, 18:42 IST
Markets are shifting into risk-off mode. Crude oil surged over 5% as tensions and supply fears pushed prices up, triggering fresh demand for the US dollar. The dollar is now trading at a one-week high on safe haven demand, which took the shine off gold and silver. Global equities faced selling pressure as investors moved away from risk.
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