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This means it is below the lowest level seen since last Friday. The US dollar also fell slightly against the franc on Wednesday, as it gained more demand as the world reserve currency and rose against most currencies. The US currency fell below 90 centims in the morning and traded at 0.8980 francs in the evening.
Meanwhile, there was a decline in world stock markets. The leading index on the Swiss stock exchange, the SMI, fell 1.3 percent. The German DAX fell 1 percent, while the London Stock Exchange lost 1.2 percent. US stock markets were also in the red.
As is often the case in uncertain times, the value of gold has increased. By mid-afternoon one ounce (about 31.1 grams) was worth as much as US$1,962 on the London Stock Exchange. This was about $39 more than the previous day. The gold price last increased at the beginning of August.
There is great uncertainty in financial markets due to the situation in the Middle East. Diplomatic efforts to contain the conflict are in danger of failing after a rocket hit a hospital in the Gaza Strip. US President Joe Biden and King Jordan II. The meeting planned to be held on Wednesday (today) between Abdullah and Egyptian President Abdel Fattah El Sisi was cancelled. (SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
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