Ultima Markets[Market Hotspot] Geopolitical Turbulence Upgrades, Oil and Gold Double Rise

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Ultima Markets[Market Hotspot] Geopolitical Turbulence Upgrades, Oil and Gold Double Rise97 / author:Ultima_Markets / PostsID:1728036

On Tuesday, there was a possibility of supply interruption due to Ukraine's attack on Russian energy facilities and escalating tensions in the Middle East,WTIcrude oil futuresThe price skyrocketed to every barrel85Above USD, reaching from10The highest monthly level.

The Iranian Embassy in Damascus was fatally bombed, resulting in the deaths of two senior generals and five military advisors. Iran has vowed to retaliate against Israel. At the same time, Mexico's state-owned oil company announced plans to reduce crude oil exports in the coming months, raising concerns about shortages in existing supply.

In addition, OPEC plans to review the market and evaluate member states' compliance with production quotas at the upcoming joint ministerial meeting, and it is expected that there will be no deviation from the results. Finally, the manufacturing purchasing managers' indices in both the United States and China were stronger than expected, boosting the outlook for a rebound in oil demand.

Ultima Markets[Market Hotspot] Geopolitical Turbulence Upgrades, Oil and Gold Double Rise271 / author:Ultima_Markets / PostsID:1728036

（WTICrude oil annual chart

Geopolitical tensions, combined with investment funds and central bank buying, have pushed gold prices to unprecedented heights, reaching an ounce2,270Above the US dollar, diluting the strong US dollar and the high interest environment conditions in the United States.

Ultima Markets[Market Hotspot] Geopolitical Turbulence Upgrades, Oil and Gold Double Rise268 / author:Ultima_Markets / PostsID:1728036

（goldPrice annual chart)

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