Wall Street opened slightly lower while oil and gold rose as Tuesday marked the fifth day of fighting between Israel and Iran, with the risk of a widening conflict dampening risk appetite in a week also packed with key central bank decisions.

Investors seem to think Israel and Iran will soon reach a resolution.

Oil prices resumed their upward climb and U.S. futures were lower early Tuesday after Israel’s military issued an evacuation warning to 330,000 people in Iran’s capital Tehran.

“Uncertainty around the direction of inflation, a relatively stable labor market and fluctuating tariff policy are enough for the Federal Reserve to keep interest rates unchanged,” Jerry Tempelman, v...