Market Updates: Safe Haven Triggers, Russia Plans to Launch New Missile Systems!

As per recent news from Moscow, Russia will run to produce two distinct land-based missile launch systems before 2021 to counter to Washington’s planned departure from a landmark atomic arms control pact.

President Vladimir Putin announced during the weekend that Russia had rejected the Cold War-era Intermediate-range Nuclear Forces Treaty (INF), which forbids both countries (USA and Russia) from placing short- and intermediate-range land-based missiles in Europe.

The market gets nervous by the likes of these fundamentals and investors trigger the uncertainty. For now, the market hasn’t shown any reaction, however a response from the United States can trigger safe-haven appeal in the market. GOLD may trade bullish over this news while keeping the stock markets under pressure.

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ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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