Israel-Gaza Problem Ended? Joe Biden announcement..!!
US Joe Biden announced on friday that israel had submitted a "comprehensive new plan" to end the ongoing Israeli-Hamas offensive in Gaza and free all hostages held by the terrorist group. According to Joe Biden's announcement, qatar has sent this new plan to Hamas and said that decisions towards a ceasefire can be made through it. According to the plan provided by israel, the initial phase would last six weeks, with the withdrawal of Israeli forces from all areas of Gaza and a complete ceasefire, followed by the release of hundreds of Palestinian prisoners in exchange for the release of several hostages, including women, the elderly and the wounded, israel said.
Gold: One of the main reasons for the rise in gold prices is the israel attack and, the Israel-Hamas conflict, investors plan to invest in gold as they plan to invest in a safe place. Currently, due to the ceasefire, there is not only a decrease in investments in gold but also an excess of exits.
Stock Market: There has been a slowdown in the Middle east countries for the past 3 months due to the Israel-Hamas conflict. The current cease-fire announcement is expected to increase trade with Middle Eastern countries. Through this, there is an opportunity to attract investment from the international market as well.
Oil prices fall: Crude oil prices fell for a third straight day on high oil inventories ahead of Sunday's OPEC+ meeting.