[MARKET UPDATE] Geopolitical risk on seen, with upside in Stocks, Treasuries and gold, downside in Dollar and oil, as Trump holds off on Iranian attack scheduled for tomorrow

The delay in military action against Iran suggests a brief reprieve from immediate geopolitical tensions, which typically boosts risk appetite in equity markets and safe-haven assets like Treasuries and gold. Conversely, this outcome is negative for oil prices and the U.S. dollar, as lower geopolitical risk can dampen demand for safe-haven investments, resulting in a favorable environment for stocks and an upward push for treasuries and gold. Market participants will want to monitor developments closely, as any further changes could shift sentiment quickly.