OCBC strategist Christopher Wong forecasts that the Iran conflict will drive up geopolitical risk premiums, benefiting safe-haven assets like gold, while oil prices could rise due to supply concerns and risk assets face volatility.
Christopher Wong, an OCBC strategist, stated that the Iran conflict has escalated geopolitical risk premiums. He expects gold, as a safe-haven asset, to surge higher, while oil prices may strengthen amid concerns over regional supply disruptions. Risk assets and high-beta currencies are anticipated to face volatility as a result of heightened uncertainties.