Reported about 7 hours ago
In a recent analysis, Invesco's chief global market strategist Kristina Hooper suggests that the current elevated oil prices are unlikely to persist for long. Although recent tensions in the Middle East, particularly between Israel and Iran, have temporarily driven prices up, historical patterns indicate that prices often rebound quickly once tensions ease. Hooper believes that these fluctuations, driven by geopolitical factors and diminishing demand from China, will not significantly impact inflation. She additionally notes that gold is currently a favored safe-haven asset as investors seek to hedge against geopolitical risks.
Source: YAHOO