Economist Peter Schiff has issued a warning about the potential impact on the market if the conflict between the United States and Iran escalates and prolongs. According to NS3.AI, Schiff suggests that stocks, bonds, cryptocurrencies, and the US dollar may experience a decline, while gold and oil prices may skyrocket. Schiff believes that current market prices assume a short and successful conflict, a scenario he considers unlikely.
In a separate analysis, Rashad Hajiyev, an analyst, predicts that gold prices could rise significantly, reaching between $7,000 and $8,000 in the future. Hajiyev believes that this potential growth is related to the beginning of a new progressive cycle in precious metals and mining stocks.
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