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Global Stocks crashed on Thursday while the USD, gold, and oil went higher as Russian troops set their foot on the Ukrainian territory.
The attacks came after a blistering warning from the Russian President. He called on Ukrainian soldiers to immediately lay down their weapons and go home, and said the responsibility for any bloodshed will be on the conscience "of the Ukrainian regime"
This Geo-political tension turning into a potential war has affected the Global market negatively.
Major Indexes & stocks are bearish. However, investors are seeking safe-haven commodities like gold and oil.
Brent crude futures, which seesawed between sharp rises and falls on Wednesday, jumped more than 3.5% to shoot past $100 a barrel on Thursday for the first time since September 2014. West Texas Intermediate leaped 4.6% to $96.22 per barrel, their highest since August 2014.
Spot gold jumped more than 1.7% to hit its highest level since early January 2021.
Dow Jones Industrial Average down 1.38%.
The MSCI World Index, a leading gauge of equity markets globally, skidded to its lowest level since April 2021.
U.S. 10-year yields down sharply to 1.8681% from its U.S. close of 1.977% on Wednesday.
The euro was down 0.8% on the day at $1.1220.It was last down nearly 4% on top of a 3% slump against the dollar on Wednesday.
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