Multi-Asset Rally Unfolds as Dollar Retreats on Geopolitical Tensions

Bonds, stocks, oil, and gold are all climbing simultaneously—a rare convergence that signals shifting market sentiment. The crypto market is riding this wave too, with major digital assets finding strength in the broader risk-on environment.

The U.S. dollar is bearing the brunt of the retreat, losing ground as geopolitical tensions intensify. When the greenback weakens, it typically lifts commodities and inflation-sensitive assets, while also providing tailwinds for risk assets and cryptocurrencies priced in USD.

This multi-asset surge reflects investors rotating into hedges and alternative stores of value amid uncertainty. Whether this momentum persists depends on how geopolitical developments unfold—and whether central banks adjust their stance on monetary policy in response.