Donald Trump announced talks with the Iranian authorities that have been ongoing for two days and may completely resolve the hostilities in the Middle East. And this was the main factor that swept the world's financial markets with the force of a natural disaster from the beginning of March.
Effect? Gold, which fell by over 10%. on Monday morning, now it is losing only 4%. You have to pay over 4.4 thousand per ounce. hole.
The situation is similar with silver, which fell by over 11% in the morning. to now drop to just 3.6 percent. Historically, precious metals reacted positively to any unrest, but now prices have gone so high that they act like any risky asset, i.e. just like shares or bitcoins.
Futures contracts for the 500 largest US companies are no longer falling, but are rising by 1.3%. The Euro Stoxx index of the 50 largest companies in Europe is gaining 1.2%, the German DAX is gaining over 1%.
The Warsaw Stock Exchange also reversed its deep decline. Instead of a 3.1% decline, WIG is currently losing only 0.6%. WIG20 rose from a 3.5% negative to -0.4%.
