Analysis-Investors make a dash for cash as Iran crisis upends markets

try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Stocks recover some of their losses, still deep in the red on Middle East conflict Gold slips on stronger dollar; safe haven demand remains strong amid Iran conflict Oil pares some gains, still hovering near multi-month highs on supply shock fears JPMorgan names winner and loser sectors from Iran conflict (South Africa Philippines Nigeria) Analysis-Investors make a dash for cash as Iran crisis upends markets By Stock Markets Published 03/03/2026, 02:17 PM Updated 03/03/2026, 02:18 PM Analysis-Investors make a dash for cash as Iran crisis upends markets 0 Euro US Dollar -0.72% British Pound US Dollar -0.48% US Dollar Japanese Yen 0.16% Gold Spot US Dollar -3.99% US500 -0.84% GC -3.56% TUH26 -0.03% Brent Spot US Dollar 3.78% By Suzanne McGee, Dhara Ranasinghe and Samuel Indyk LONDON/NEW YORK, March 3 - Cash became king in global markets on Tuesday as an escalation in the Middle East conflict dragged down gold , bonds and stocks synchronously, upending the normal interplay between safe and riskier assets and driving up volatility. The turnaround in market sentiment, which just a day earlier was premised on a swift end to the conflict, came as Israel attacked Lebanon, and Iran responded with strikes against energy infrastructure in Gulf countries and tankers in the Strait of Hormuz, through which a fifth of the world’s energy passes. Aside from higher oil prices and the U.S. dollar , most major stock markets, Treasuries and other bonds and even safe-haven gold were sold. “What is happening is a classic response to an event that has a lot of uncertainty," said Michael Arone, chief investment strategist at State Street Investment Management in Boston. The decline in gold prices - they were down 4% after being at four-week highs on Monday - showed the indiscriminate nature of the selling, Arone said. "Oil, and the dollar, are the only two things that people want to own right now,” he said. Brent crude gained nearly ...