Gold rose to highest in a month with escalating war tensions in Middle East, driving investors into safety of precious metals.

Silver also seeing buying action with technical breakout and strong demand, alongside escalation in tensions.

Stock futures are lower, credit risk gauges rising, investors flocking to safe havens.

Rate cut expectations declining due to stagflation - rise in inflation with weakness in labor market and growth.

Dollar strengthening with spike in oil prices, traders dialing back Fed rate cut expectations.

Global risk-off mood: European stocks tumbled most since November, Asian stocks dropped first time in six days.