Monday, March 2 2026 15:37

Oil and gold are rising sharply due to the escalation of the conflict in the Middle East

Oil and gold are rising sharply due to the escalation of the conflict in the Middle East

ArmInfo. Futures on American stock indices fell by more than 1% on Monday due to the escalation of the conflict in the Middle East, while oil and gold are actively rising in price. The course of the US dollar rises to the main world currencies, as well as the yield of American government bonds.

Participants of the world markets follow the situation in the Middle East. As reported, on Saturday the USA and Israel started military actions against Iran. They launched more than 1,000 rocket attacks on a number of Iranian cities, as a result of which the supreme leader of Iran, Ayatollah Ali Khamenei, was killed.

Iran retaliated against Israel and a number of Persian Gulf countries. In particular, the residential areas of the capital of Bahrain were damaged, it is reported that a number of hotels and the airport in Dubai were damaged.

US President Donald Trump said that the American military will continue to strike Iran until all of Washington's goals are achieved.

Значение фучерса E-mini on the index Dow Jones by 12:22 in Moscow понизилось на 1.14%, futures E-mini on the index S&P 500 - на 1.06%, and futures on the index Nasdaq 100 fell на 1.43%.

Quotations of April gold futures on the Comex exchange rose approximately 3.1% to $5408 per ounce.

The price of May Brent futures on the London exchange ICE Futures rose by 8% to 78.72 per barrel as of 12:21 p.m. In the course of trading, quotations exceeded $80 per barrel. WTI oil futures for April on electronic trading of the New York Mercantile Exchange (NYMEX) rose by 7.5% to $72.02 per barrel.

Spot gas prices in Europe on Monday jumped by more than 22%, up to 39 euros per MWh, approaching the June maximum.

The calculated ICE index DXY, which shows the dynamics of the dollar against six currencies (euro, Swiss franc, yen, Canadian dollar, pound sterling and Swedish krona), grows by 0.64%.

The yield of 10-year US Treasuries increased by 3 basis points to 3.982%. (interfax)