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invasion of Kuwait

How oil, gold, and stock markets reacted in the month after previous global shocks

March 4, 2026
How oil, gold, and stock markets reacted in the month after previous global shocks

The US and Israeli attacks on Iran that commenced over the weekend shocked global markets and led to jarring price moves in the S&P 500 (GSPC), oil, and gold. President Trump, meanwhile, pledged that the war could last for four to five weeks — or even “be fought ‘forever’” with existing munitions stockpiles, suggesting that …

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