The U.S. escalates threats against Iran, gold reaches a new high of $5,580, U.S. stock futures are under pressure, and the Indonesian stock market plummets 8%

On January 29, the escalation of military threats from the United States against Iran triggered risk aversion, with gold rising to $5,580, setting a new historical high, while U.S. stock futures came under pressure. The Asia-Pacific market faced pressure, with the Indonesian stock market experiencing a second consecutive day of sharp declines, triggering a trading halt.

According to Xinhua News Agency, CNN reported on the 28th that U.S. President Trump "is considering launching a new major strike against Iran." The report cited sources saying that options being considered by Trump include airstrikes against Iranian leaders and security officials, as well as attacks on Iranian nuclear facilities and government institutions, but no final decision has been made.

Spot gold surged more than $150 during the day, reaching above $5,580 per ounce, setting a new historical high, while silver rose 1.2%, also breaking records. Brent crude oil increased by 0.8% to its highest level since September.

In the Asia-Pacific stock market, following yesterday's sharp decline, Indonesia's benchmark stock index saw its losses widen to 8% today, triggering a market trading halt. Previously, MSCI announced it would suspend index adjustments and urged regulators to address issues of concentrated equity.

In other stock markets, S&P 500 futures fell by 0.2%. Japan's Topix index dropped by 0.5%, and Australia's S&P/ASX 200 index declined by 0.7%.

The Bloomberg Dollar Spot Index fell by 0.1%, giving back some of the gains after BofA reiterated a strong dollar. The yen recovered some of its losses from Wednesday. U.S. Treasury yields remained stable after the Federal Reserve kept the benchmark interest rate unchanged.

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