Air raid alarms were activated in Tel Aviv, while Israeli military says Hezbollah launched a missile at Israel which set off air raid alarms

The activation of air raid alarms in Tel Aviv indicates heightened military tensions, especially with the reported missile launch from Hezbollah. This escalation could lead to increased volatility in commodities like oil and gold, and may affect safe-haven flows towards currencies such as the USD and JPY, while also impacting risk sentiment across markets.