Putin’s decree on mobilization. Oil and gold prices soared

Putin’s decree on mobilization. Oil and gold prices soared
Putin’s decree on mobilization. Oil and gold prices soared
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We have already written about the rapid reaction of currencies and the weakening zloty. In effect the dollar jumped from 4.74 to 4.80 PLN. At the same time the euro went up from PLN 4.73 to PLN 4.75.

It was also nervous at the opening of Wednesday’s session on the European stock exchanges. Most of the indices started from relatively low levels, but the situation stabilized over time. In the morning, the French CAC40 and the German DAX were on slight disadvantages. In turn, the stock exchanges in London and Milan managed to exit about 0.5 percent. on the plus side. The balance sheet of the most prestigious index of the Warsaw Stock Exchange, i.e. WIG20, comes out roughly at zero.

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You can see more nervousness in the case of crude oil prices. A barrel on the London Stock Exchange was valued at about $ 90 very early this morning. In the morning, it’s closer to $ 93.

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More expensive crude oil and a higher dollar exchange rate do not bode well for fuel prices at stations. As long as this situation continues for a long time.

Gold holders can be happy with the way things are done. Amid growing uncertainty in the market, its price rose in the morning. From $ 1660 per ounce, quotes jumped to around $ 1,675. In recent weeks and months, gold has been cheaper than expensive much more often.

The article is in Polish

Tags: Putins decree mobilization Oil gold prices soared

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