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Ukraine Crisis Persists, Hits The Market

Market is still concerned over the tensions between Russia and Ukraine which again increased the demand for safe haven. Gold, Japanese Yen and Oil surged against US Dollar as the tension persists. Market sentiment was hit when Russia launched new military exercises near its border with Ukraine showing no sign of backing down on plans to annex Crimea. In uncertain situations investors move towards the safe haven as a result of which we can expect Gold and Oil to move up and USDJPY to move lower. Most of the world stocks fell over the concern as investors are retreating from the risky investment like stocks