The demand for safe havens is usually associated with times of war and geopolitical and economic crises, as instability and growing fears prevail in the markets.

After the Quds Force commander, Qassem Soleimani, was killed in a US air strike on Friday in Baghdad, gold and some currencies jumped.

Investors fear more of their ability to access and use the money than they are concerned about the return they can bring from the markets.

Safe havens take different forms, including currencies and precious metals such as gold and bonds, especially the highly liquid currency markets such as the yen and the Swiss franc.

Japanese Yen
After Soleimani was killed, the Japanese yen exchange rate rose to a two-month high against the dollar at about 108 yen .

The yen returns to the third largest economy in the world, as it is the third largest currency in circulation in the world, in addition to that the Japanese interest rate is very low.

Tokyo has a positive net foreign assets at home and abroad, and Japanese financial markets are highly liquid.

Japanese yen exchange rates rose to two-month high against the dollar (Reuters)

Swiss franc
The Swiss franc rose to a four-month high against the euro, recording 92 cents, following Soleimani's death.

For Switzerland, its financial system is historically one of the most stable in the world, and has not been affected by economic crises.

The Swiss central bank policy also maintains a high level of liquidity in the domestic market, and attracts more foreign funds seeking stability.

yellow metal
Gold, like other safe investment assets, benefits in times of political uncertainty.

Gold prices jumped to their highest levels in four months at the end of the week, to cross the $ 1550 an ounce barrier. This came after investors bought the precious metal as a safe haven after the killing of Soleimani.

Oil and Strait of Hormuz
After the killing of Soleimani, the rise was not only safe havens, but oil also benefited. Crude prices ended the weekend, up more than 3%, to its highest level in more than three months.

The operation has sparked market fears of a dispute affecting oil supplies passing through the Strait of Hormuz. Nearly 20% of the global supply passes through the strait.

The price of Brent crude at the close, rose to $ 68.6 a barrel. The price of US Texas crude also rose to about $ 63 a barrel.

Iran was the third largest producer in OPEC with an average production of nearly four million barrels per day, but it fell to fifth place now due to US sanctions.