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Despite geopolitical tensions rising massively on Tuesday as Israel performs a ground operation in Lebanon and Iran responds with ballistic missile attack, gold is trading lower.
With US confidence at 103.3, the dollar briefly surged but has since dipped, lifting gold while silver remains steady near $30.
It has been a very good period for wealth in Israel: the average wealth in shekels increased by 142%, and the median by no less than 220%.
The sharp rate increase sparked a rally for the Turkish lira, which appreciated as much as 2%.
The issuance of US bonds and the high demand total $38 billion. Smotrich: "A vote of confidence from investors in the Israeli economy."
Rising geopolitical risk could see buying in assets like gold and the dollar and potentially boost demand for US Treasuries.
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