Geopolitical Tensions Ease Amid Russia-Ukraine Ceasefire, Impacting Global Markets

This week, geopolitical tensions slightly eased following the announcement of a three-day ceasefire in the Russia-Ukraine conflict, despite earlier retaliatory strikes stemming from U.S.-Iran tensions. According to PANews, the U.S. Dollar Index experienced volatility throughout the week, closing at 97.84 on Friday, marking its second consecutive weekly decline. Gold prices rose by 2.17%, closing at $4,715.49 per ounce on Friday. Global commodities and currency markets saw significant fluctuations during the week. In the international oil market, geopolitical risk premiums notably collapsed. Brent crude oil prices fell below $95 due to heightened expectations of a U.S.-Iran ceasefire, while WTI crude oil also dropped, reaching the $90 mark.