New York —
The war in Iran and the spike in energy prices have rattled global markets, impacting not just stocks but also safe havens like bonds, gold and currencies. That’s leaving investors with fewer places to hide.
The S&P 500 is set for its worst month in a year. When stocks hit a rough patch, or economic uncertainty abounds, safe haven assets like gold or government bonds can provide investors with some protection. But they’ve both dropped alongside stocks this month, serving little value as a hedge against the turmoil.
US stocks opened lower Thursday: