Iran — US tensions

US President threatened to attack 52 Iranian sites

Iranian and U.S administrators extended their offensive posturing yesterday following the assassination of Qasem Soleimani an Iranian military leader last Friday. Following, Iran’s state-run television channel announced that the country will no longer continue to limit the nuclear agenda that it agreed to previously. President Donald Trump stated in a tweet that “Iran will never have a nuclear weapon.” After Trump threatened to strike 52 Iranian positions, in connection to the number of prisoners captured by Iran in 1979, Iranian President Hassan Rouhani announced on twitter to “remember the number 290.” The tweet looked to be a reference to the number of people who perished when an Iran Air plane was shot down by U.S. forces back in the 1980s.

Dow is back from its 200-point fall

On Monday Stocks surged, improving damages from the previous session while oil declined notwithstanding growing geopolitical concerns after last week’s US assassination of Iran’s top general.

The Dow Jones Industrial Average finished the day positive with an additional 68 points, at 28,703.37. The recovery came after dropping 216 points earlier in the day. The S&P 500 ended 0.4% stronger at 3,246.27 while the Nasdaq Composite improved 0.6% to 9,071.45.

Gold fell from its tops

On Tuesday Gold moved further away from its previous near seven-year top. The fall came while Middle East tensions calmed and investors maintained some profit. US gold futures dropped 0.5% to $1,561.00. Spot gold fell 0.4% and that is its most significant daily percentage drop in about 30 days to $1,559.10 per ounce. In the previous session, Gold prices had reached $1,582.58, the highest level since 2013.

Iran tensions favour Yen and Swiss franc

The classic safe-haven Swiss franc and yen increased versus the greenback yesterday upon concerns regarding a full intensification of conflict in the Middle East following the United States hit Iran’s most famous military commander. The yen rose yesterday to 90 days’ top around 107.74 versus the greenback which was last exchanging slightly below at 108.10 yen. The Swiss franc, the other famous safe-haven currency, advanced versus the dollar, which dropped 0.2% to 0.9700 francs. The dollar index fell more than 0.2% at 96.61

Iran — US tensions

US President threatened to attack 52 Iranian sites

Dow is back from its 200-point fall

Gold fell from its tops

Iran tensions favour Yen and Swiss franc

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