What is the impact of the Board of Governors resolution on the markets / stock exchanges, dollars and gold?
According to Trade News, last night Mikhail Ulyanov, Russia’s representative to international organizations in Vienna, Resolution of the Board of Governors The International Atomic Energy Agency (IAEA) Board of Governors has approved a resolution against Iran by Germany, France, Britain and the United States. 30 countries voted in favor, 2 countries (China and Russia) voted against and 3 countries (India, Libya and Pakistan) abstained. Therefore, the countries that represent half of humanity did not support this resolution.
The text of the drafts of Britain, France, Germany and the United States against Iran will be presented to the Board of Governors on Tuesday International Atomic Energy Agency Provided.
Stock market decline with the resolution of the Board of Governors
“One of the ways to achieve economic growth and development is to expand international trade relations,” Maryam Mohebbi, a financial markets expert, told TradeNews. Countries with extensive international trade relations usually also have better incomes and economic growth. Iran has not made significant progress in expanding international trade relations in recent decades. Due to this issue, many challenges are facing economic development. Although Iran’s economy is generally accustomed to such conditions, the effects of declining relations continue.
He continues to Resolution of the Board of Governors He points out and explains: This anti-Iranian text was recently approved by the International Atomic Energy Agency. This consensus, regardless of whether or not there is an executive guarantee, can cause fluctuations in various financial markets.
Regarding the impact of the Board of Governors resolution on the markets, Mohebbi said: “In the foreign exchange, gold and consequently housing markets, there is a possibility that prices will fluctuate.” In the stock market, due to the fear of shareholders, there is a possibility of a temporary outflow of money from the capital market to enter other parallel markets and safer assets, and we can expect a reduction in excitement.
“This is a very short-term situation,” he said. Markets are expected to calm down in the short term. But the impact of financial markets on the effects of success in expanding international trade relations is inevitable.