EUR/USD
1.15364
-0.186%
Gold
4249.01
-5.610%
Oil
99.555
2.668%
USD/JPY
159.493
0.123%
GBP/USD
1.33151
-0.136%
GBP/JPY
212.371
-0.013%
Real-time News
Gold stocks traded lower in pre-market trading following a more than 5% drop in gold prices. Newmont Mining fell 7%, Sibanye Stillwater fell 9.7%, Barrick Mining fell 5.9%, and Harmony Gold fell 5%. Kinross Gold fell 7.1%, Gold Fields fell 7.2%, and AngloGold Ashanti fell 5.1%.On March 23, DBS Group research analysts stated in a report that further investment in Asian oil alternatives could be risky given the ongoing Middle East conflict. They indicated that if the conflict persists, oil prices could remain above $100 per barrel for an extended period, potentially even reaching $150 or higher within the next two quarters. They believe that the volatility in crude oil prices makes it difficult to assess stock value based on oil prices of $90 to $100 per barrel, a challenge reflected in the relatively lackluster performance of global oil giants stock prices since the start of the conflict. The analysts recommend continuing to invest in upstream and integrated oil company stocks, but cautioned that further significant increases in holdings could be risky.On Monday, March 23, the German DAX 30 index opened down 448.76 points, or 2.00%, at 21,948.67; the UK FTSE 100 index opened down 137.33 points, or 1.38%, at 9,781.00; and the French CAC 40 index opened down 119.11 points, or 1.55%, at 7,546.51. The Stoxx 50 index opened down 90.98 points, or 1.65%, at 5410.30 on Monday, March 23; the Spanish IBEX 35 index opened down 277.19 points, or 1.66%, at 16436.81 on Monday, March 23; and the Italian FTSE MIB index opened down 717.40 points, or 1.67%, at 42123.50 on Monday, March 23.March 23 - European stocks opened lower, with the Stoxx Europe 600 index down 1.28%, the UK FTSE 100 index down 1.44%, the French CAC 40 index down 1.48%, and the Spanish IBEX index down 1.86%.March 23 - European benchmark natural gas contracts rose more than 5% in early trading, erasing losses from the previous session. European natural gas futures prices rose again as traders closely watched the mutual threats between the United States and Iran over the Strait of Hormuz, further destabilizing an already volatile market.
