- Rising geopolitical tensions over Iran, with potential military action or new sanctions, could drive demand for gold as a safe-haven asset.
- Political turmoil in Turkey has triggered a market selloff and currency crisis, raising risks of further economic instability.
Israel is sending a delegation to Washington for strategic talks on Iran, while Trump has reportedly given Tehran a two-month deadline for a nuclear deal—so far, Iran isn’t engaging.
So, the question is: Are we headed towards military conflict or a significant wave of sanctions?
Meanwhile, protests erupted in Turkey after President Erdoğan’s main rival was arrested, triggering a sharp selloff in Turkish markets. The lira hit record lows, forcing the central bank to intervene with nearly $10 billion in currency sales.
Turkey’s inflation remains elevated at 39%, with interest rates at 42.5%. Continued lira weakness could push inflation higher, forcing further rate hikes and adding to the country’s economic instability.
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