US-Iran clashes send oil prices surging — load up on energy stocks and gold to protect your portfolio
Fresh fighting between the US and Iran is ruining chances for a peace deal, pushing oil prices up for the third day in a row. This spike in oil costs is also causing overall inflation to rise, making traditional safe-haven assets like gold more attractive to investors.
Idea
Rising military clashes between the US and Iran are directly disrupting the global oil supply, driving fuel prices higher. This spike in energy costs is already bleeding into the broader economy, with the Federal Reserve reporting higher inflation across most of the country. When inflation rises due to global conflict, investors traditionally move their money into gold to protect their wealth. Since these geopolitical tensions show no sign of ending soon, gold and related mining stocks are in a prime position to keep climbing.