Rolling coverage of the latest economic and financial news Middle East crisis live: Starmer calls emergency meeting on UK economy; IEA open to releasing more oil stocks The US dollar is rising today, as investors seek out a safe haven. With risk appetite curbed by the escalating retaliatory threats in the Middle East conflict, the dollar’s reputation as a safe-haven asset meant it’s in demand. “With the Iranian conflict into its fourth week, and oil prices hanging around the $100 level, expectations have pivoted from rate cuts to potential rate hikes, which have tarnished gold’s appeal from a yield point of view.” Continue reading...