Iran Crisis: Oil Rockets as Gold Crashes

Imagine waking up to oil flirting with four-year highs one minute, then dipping the next, all while gold—the ultimate safe-haven—takes a nosedive. That's the bizarre scene in commodities markets Friday morning, fueled by the Iran-Israel standoff.

What Happened

Overnight, gold prices sold off sharply in global markets, dragging shares of Indian gold financiers like Manappuram and Muthoot into focus, according to CNBC TV18. The drop stems from war jitters paradoxically boosting economic...