US Attacks Venezuela: Markets Brace for Impact on Gold, Oil, Stocks

Business
M
Moneycontrol•03-01-2026, 15:28
US Attacks Venezuela: Markets Brace for Impact on Gold, Oil, Stocks
- •US military action against Venezuela confirmed by CBS News, Fox News, and AFP, escalating geopolitical tensions.
- •Market experts predict a gap-up opening for gold, silver, and crude oil due to increased uncertainty, benefiting safe-haven assets.
- •Anuj Gupta forecasts COMEX gold to $4,380/ounce, silver to $75-$78/ounce, and Brent crude to $62-$65/barrel.
- •MCX projections include gold up to ₹1,40,000/10g, silver to ₹2,45,000/kg, and crude oil to ₹5,200-₹5,300/barrel.
- •Indian stock market impact expected to be limited, though crude price hikes could pressure oil stocks and investor confidence, leading to early session volatility.
Why It Matters: US attack on Venezuela sparks commodity surge fears; Indian markets brace for limited, volatile impact.
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