Cash became king in global ⁠markets ⁠on Tuesday as an escalation in the Middle East ⁠conflict dragged down gold, bonds and stocks synchronously, upending the normal interplay between safe and riskier assets and driving up volatility. The ​turnaround in market sentiment, which just a day earlier was premised on a swift end to the conflict, came as Israel attacked Lebanon, and Iran responded with strikes against energy infrastructure in Gulf ‌countries and tankers in the Strait of Hormuz,...