Economic and fundamental developments 22-02-2022

22 Feb 2022 11:22 AM
  • Gold prices rose as the precious metal traded above $1,900 an ounce after Russian President "Putin" announced Russia's official recognition of the breakaway regions of Donetsk and Luhansk in Ukraine, increasing geopolitical tensions.
  • Oil prices rose as Brent crude traded above $97 on Tuesday. The President of the European Commission and the President of the European Council said that the European Union would impose sanctions on Russia.
  • The US dollar rose against a basket of major currencies, accompanied by a decline in the stock markets, while also the Japanese yen rose against a basket of currencies. The dollar and the Japanese yen are gaining from fears of escalating Russian-Ukrainian geopolitical tensions.
  • Today, financial markets will follow any developments regarding Russian-Ukrainian geopolitical tensions and how the European Union, the United States , and Britain will react to Russia's move to recognize the breakaway regions of Donetsk and Luhansk.


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