Most cryptocurrencies fell on Friday amid aversion to high-risk assets such as cryptocurrencies with investors flocking into havens such as the dollar and gold amid geopolitical tensions in the Middle East. 

Israel targeted Iranian nuclear and military facilities, in addition to army commanders and scientists with extensive air strikes, adding that it’s only the start of a prolonged operation. 

The VIX fear index on Wall Street surged 13.45% to 20.44, with a surge as well in both oil and gold prices. 

The University of Michigan’s consumer confidence index rose 15.9% this month to 60.5, above estimates of 53.5.

As for the consumer expectations index, it rose 21.9% to 58.4. 

Ethereum

On trading, ethereum fell 5.8% on Coinmarketcap to $2536.6 as of 21:21 GMT.

Oil prices surged on Friday and marked strong weekly profits amid geopolitical concerns about the Iran-Israel conflict. 

Israel targeted Iranian nuclear and military facilities, in addition to army commanders and scientists with extensive air strikes, adding that it’s only the start of a prolonged operation. 

Media sources reported that the US moved military ships in the western Mediterranean towards the east as a precautionary measure against ongoing tensions in the region.

Otherwise, the International Energy Agency announces its readiness to withdraw from its emergency crude inventories in case global supplies are threatened, but current conditions don’t require such measures. 

On trading, Brent futures due in August rose 7%, or $4.87 to $74.23 a barrel, with a weekly profit of 11.7%.

US crude futures due in July surged 7.26%, or $4.94 to $72.98 a barrel, with a weekly profit of 13%.

Gold prices rose on Friday as the dollar gained ground against most major rivals amid strong haven demand with the Middle East erupting once more. 

Israel targeted Iranian nuclear and military facilities, in addition to army commanders and scientists with extensive air strikes, adding that it’s only the start of a prolonged operation. 

The VIX fear index on Wall Street surged 13.45% to 20.44, with a surge as well in both oil and gold prices. 

The University of Michigan’s consumer confidence index rose 15.9% this month to 60.5, above estimates of 53.5.

As for the consumer expectations index, it rose 21.9% to 58.4. 

Otherwise, the dollar index rose 0.3% as of 20:47 GMT to 98.1, with a session-high at 98.5, and a low at 97.6.

On trading, gold spot prices rose 1.5% today to $3452.8 ounce, sending this week’s profit to 3.2%.

US stock indices slumped on Friday amid surging geopolitical tensions in the Middle East after Israel’s extensive air strikes against Iranian targets.

Israel targeted Iranian nuclear and military facilities, in addition to army commanders and scientists, adding that it’s only the start of a prolonged operation. 

The VIX fear index on Wall Street surged 13.45% to 20.44, with a surge as well in both oil and gold prices. 

On trading, Dow Jones fell 1.1% as of 16:16 GMT, or 512 points to 42,470 points, while S&P 500 shed 0.7%, or 40 points to 6005 points, as NASDAQ gave up 0.8%, or 160 points to 19,500 points.