Should investors ‘buy the dip’? How to invest as volatility rises amid Iran crisis
Analysts say it’s too early to do so, and recommend blue chips, gold, safe-haven currencies and selected industries
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[SINGAPORE] Volatility has seized global markets amid ongoing military strikes and spikes in oil prices from the outbreak of the Iran war.
Stock markets everywhere have been upended by wild swings, and oil prices hit highs and then retreated to below US$100 a barrel in reaction to US President Donald Trump’s comment that the war could end “very soon”.
On Thursday (Mar 12), Brent oil surged past US$100 again when the announcement by the International Energy Agency on a record release of reserves failed to rein prices in. The US dollar has appreciated as well, with the USD/SGD pair at 1.2758 as at Thursday.
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