The Iran-US conflict brings strong fluctuations in stock markets

The Iran-US conflict brings strong fluctuations in stock markets

Wednesday's attacks on US bases by Iran caused all Asian and European stock markets to open on a negative note.

Geopolitical tensions in the Middle East increased the value of precious metals in stock exchanges.

The gold price reached its highest level in 7 years on Wednesday, selling at $ 1,610 per ounce.

Silver also rose 1.18 percent to $ 18.4 an ounce, and platinum $ 5.4 higher to $ 971.6 an ounce.

"People are nervous. They see the news and panic as they learn what might happen from the US-Iran conflict. So the first thing they do is convert their investment into gold, so these price fluctuations will continue," said the manager of chains of jewelry shops in Dubai.

Unpredictable developments in the Persian Gulf also led 4 percent to $ 70 a barrel of crude gold, over $ 70 a barrel, while digital currency Bitcoin touched its two-month high, increasing 20 percent within a week to over $ 8,460.
Economists say the conflict is unlikely to escalate seriously, as it would not be in the economic interest of either party.

EMISIONET