American stock exchanges saw a decline on Monday. At the close of trading in New York, the Dow registered 53,459 points, representing a 0.5 percent drop compared to the previous trading day. Moments before, the broader S&P 500 was down 0.5 percent at around 7,745 points, while the Nasdaq 100, a technology index, calculated roughly 29,995 points, achieving a 0.2 percent decrease.
The market activity on Wall Street appears to be influenced by recent threats of renewed escalation in the Iran conflict. Analysts anticipate that the diverging interests of Washington and Tehran will keep oil prices relatively stable, fluctuating between 70 and 100 US dollars. Iran is expected to try and prevent prices from dropping too low, while the United States must react if prices rise excessively.
In other markets, the European common currency showed some strength on Monday evening: one euro cost 1.1580 US dollars, meaning a dollar bought for 0.8636 euros. Gold prices gained ground, fetching 4,419 US dollars per fine ounce in the evening (a 1 percent increase), which equates to 122.69 euros per gram. Meanwhile, oil prices surged; Brent North Sea crude cost approximately 90.70 US dollars around 10 PM German time on Monday, marking a 2.5 percent increase from the close of the prior day.
