Stocks climb, oil dips as Middle East war worries kept in check

LONDON, April 15 - Wall Street was set to start the week modestly higher while oil, the dollar and bond prices all dipped on Monday as investors kept Middle East concerns in check after Iran's weekend attacks on Israel.

Gold, which has been hitting record highs for weeks, rose 0.3% but the dollar , opens new tab and the ultra-safe government bonds that money managers often turn to when geopolitical tensions mount, were all lower. There is also another busy week of economic data and company earnings in store and the International Monetary Fund's spring meetings, which can steer the global narrative, get underway too.

Goldman Sachs was looking to turn the tide though with its shares up 3% in pre-opening bell trading as a recovery in M&A deals and debt underwriting helped boost its profits nearly 30%. The threat of open warfare erupting between Middle East foes Iran and Israel and dragging in the United States has left the region on tenterhooks. U.S. President Joe Biden warned Israeli Prime Minister Benjamin Netanyahu the U.S. will not take part in a counter-offensive against Iran.Oil prices showed traders had largely priced in a retaliatory attack from Iran, which could lead to more strictly enforced sanctions on Iranian oil. That saw Brent crude futures peaking at $92.

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