Home Blog Market Analysis Weekly Market Analysis / 28 March - 1 April 2022

Weekly Market Analysis / 28 March - 1 April 2022

by AgaBullion
Weekly Market Analysis /  28 March - 1 April 2022

Last week, statements from NATO were followed in global markets. "NATO condemns Russia's attacks in the strongest terms," a joint statement from NATO leaders said. NATO Secretary-General Stoltenberg stated that the sanctions against Russia will continue and that China should not support Russia and should strive for a peaceful solution. US President Biden, who held a press conference after the NATO Summit, said that if Russia uses chemical weapons in Ukraine, they will respond and this response will depend on the way chemical weapons are used. While oil prices were on the rise during the week with the news that the European Union also brought up the oil embargo plan against Russia, the barrel of Brent oil rose above 120 dollars. In line with the news, an ounce of gold closed at $1,958. It is priced at $1,930 per seller today.

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