ThinkMarkets and TradingView.com
Today the US has decided to launch an all-out economic war against Russia. Biden has just announced that the US will ban imports of oil and gas from Russia. The UK has also announced it will phase out the import of Russian oil and oil products by the end of the year. There will be consequences: high gas prices, even more inflation and retaliation from Russia. Gold is teasing its record highs, stocks are reeling. Volatile market conditions are going anywhere until Putin ends the invasion of Ukraine.
In this video, I have dicussed what it all means for the markets and where we think gold, stocks and crude oil are headed:
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