Market Commentary: Friday 13th June

The Israeli strike on Iran was the major headline overnight. Crude oil jumped 9% on the news—the biggest move in more than three years.

Iran had previously announced plans to inaugurate a new uranium-enrichment facility in response to censure by the UN atomic watchdog over its nuclear program.

The USD rose, with a gauge of the US dollar climbing 0.4%, despite recent weakness in the currency.

US Secretary of State Marco Rubio stated that the US was not involved in the air strikes and confirmed that Israel acted unilaterally against Iran.

• Spot gold rose 1.3% to $3,429.51 an ounce

• Crude rose 9.4% to $74.43 a barrel

• Bitcoin fell 1.6% to $104,271.72

• Ether fell 4.7% to $2,517.37

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