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Safe-haven funds flow into the gold market, New York gold futures rose more than 1%, the Dow closed down 179 points

2022-03-04T21:32:16.472Z


[05:15] The war between Russia and Ukraine continued, funds flowed into the gold market to avoid safety, and the international gold price rose. New York gold futures closed up 1.6% at $1,966.6 per ounce. Spot silver was up 2 percent at $25.67 an ounce. Spot platinum rose 3.4% per


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05:15]

The war between Russia and Ukraine continued, funds flowed into the gold market to avoid safety, and the international gold price rose. New York gold futures closed up 1.6% at $1,966.6 an ounce.

Spot silver was up 2 percent at $25.67 an ounce.

Spot platinum rose 3.4 percent to $1,117.06 an ounce.

Spot palladium rose 7.6 percent to $2,985.54 an ounce.

US stocks closed at 33,614 points, the Dow Jones index closed at 33,614 points, down 179 points or 0.53%; the S&P 500 index closed at 4,328 points, down 34 points or 0.79%; the Nasdaq index closed at 13,313 points, down 224 points or 1.66%.

[03:30]

The Dow was at 33,480 points, down 314 points or 0.93%; the S&P 500 was at 4,315 points, down 47 points or 1.09%; the Nasdaq Composite was at 13,289 points, down 248 points or 1.84%.

[02:07]

The decline in U.S. stocks narrowed, with the Dow at 33,631 points, down 162 points or 0.48%; the S&P 500 at 4,336 points, down 26 points or 0.61%; the Nasdaq Composite at 13,385 points, down 152 points or 1.13%.

[00:54]

The Dow was at 33,282 points, down 411 points or 1.22%; the S&P 500 was at 4,302 points, down 61 points or 1.41%; the Nasdaq Composite was at 13,285 points, down 252 points or 1.87%.

[23:55]

Although the US non-farm payrolls data beat market expectations, the Russian-Ukrainian war played down the positive news, and the Dow once fell more than 500 points.

The Dow was at 33,289 points, down 505 points or 1.49%; the S&P 500 was at 4,293 points, down 70 points or 1.61%; the Nasdaq Composite was at 13,278 points, down 259 points or 1.91%.

[22:51]

European stocks continued to decline, with the French CAC40 index falling to 4%, Germany's DAX index falling 3.85%, the Euro Stoxx 50 index falling 4.07%, and the UK's FTSE 100 index falling 2.62%.

JPMorgan economists released a report predicting that Russia's GDP will shrink by 7% this year. As for the last economic crisis in 1998, the Russian economy shrank by 5.3%.

Economists led by Bruce Kasman believe sanctions will have an impact on Russia's economy, which now looks headed for a deep recession, though forecasts may be revised due to uncertain prospects

[22:30]

The market continued to worry about the situation in Ukraine. The Dow fell more than 400 points to the latest report of 33376 points, down 418 points, the fourth consecutive weekly decline; the Nasdaq fell 0.5%; the S&P also fell nearly 1%.

Nvidia, Apple and Boeing fell more than 1%.

The United States released the latest employment data. The number of non-farm payrolls increased by 678,000 last month, which was higher than the market expectation of 440,000. The unemployment rate was 3.9%, which was better than the market expectation of 3.9%.

[19:51] European stock market fell more than 3% in the middle

European stocks fell more than 3 percent in mid-session.

At 7:50 p.m. Hong Kong time, the UK’s FTSE 100 index was at 7011 points, down 227 points or 3.14%; Germany’s DAX index was at 13260 points, down 438 points or 3.2%; France’s CAC 40 index was at 6173 points, down 204 points or 3.2%. 3.2%.

In addition, Dow futures temporarily fell 275 points to 33794 points.

[16:30] European stock markets continued to fall across the board

In the context of the continuing uncertainty of the conflict between Russia and Ukraine, on March 4, local time, European stock markets continued to decline across the board, with major indexes all falling by more than 1%.

As of press time, Germany's DAX fell 1.58%, the UK's FTSE 100 fell 1.02%, France's CAC40 fell 1.58%, and Italy's FTSE MIB fell 1.60%.

According to China CCTV news reports, on March 4, local time, the Ukrainian State Atomic Energy Supervision and Inspection Agency released a message through a social platform that the Zaporizhzhia nuclear power plant has been controlled by the Russian military, and the power plant personnel are working normally and can ensure the reactor’s safety. normal operation.

China's official Xinhua News Agency reported on March 4 that the second round of negotiations between Russia and Ukraine ended on March 3 in the Belovezh Forest in Belarus.

The two sides reached an understanding on the establishment of humanitarian access and agreed to hold the third round of negotiations as soon as possible.

However, as the two sides have not reached an effective consensus on resolving the conflict itself, and there are huge differences on many important issues, the prospects for future negotiations remain unclear.

Ukraine Situation|U.S. arms dealers make big gains in Russia-Ukraine "war money" Russia-Ukraine second round of negotiations ends: Agree to set up a security corridor to hold the third round of negotiations as soon as possible Russian stock market continues to suspend trading Central Bank: Market will not be closed today

Source: hk1

All news articles on 2022-03-04

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