Market Updates: Safe Haven Triggers, Russia Plans to Launch New Missile Systems!
Arslan Butt • 1 min read
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.