Rising demand for safe-haven assets reflects market vigilance over geopolitical risk.
US stock futures slid, while crude, gold, and Treasury bonds got a boost in early trading sessions in Asia on Monday.
Rising geopolitical risk would see buying in assets like gold and the dollar, and boost demand for US Treasuries, which have been sold off aggressively, analysts said over the weekend. As trading started in Asia on Monday those themes played out. US stock futures slid, while crude, gold and Treasuries got a boost.
Analysts were focused on the impact on energy prices as they tried to assess the ripple effects. Oil prices jumped more than US$4 a barrel in early Asian trade on Monday.
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