27.06.2025 06:23
Iran has firmly rejected any plans to restart nuclear negotiations with the United States, according to a statement made Friday by Foreign Minister Abbas Araghchi. He categorically denied the existence of any agreements or arrangements to resume talks, emphasizing that neither promises nor discussions on this topic have occurred. This announcement comes directly from the Iranian government and refutes any previous suggestions to the contrary.
The international markets reacted swiftly to this declaration. West Texas Intermediate (WTI) crude oil experienced a slight increase, trading 0.41% higher at $65.00 per barrel. Conversely, the price of gold (XAU/USD) dipped, falling 0.91% to $3,297 per ounce. These movements reflect the shifting risk appetite among investors in response to the geopolitical news.
Understanding market reactions requires familiarity with the financial terms "risk-on" and "risk-off." A "risk-on" environment indicates investor optimism, leading to increased purchases of higher-risk assets like stocks and commodities (excluding gold). Conversely, a "risk-off" sentiment reflects caution, prompting investors to seek safety in less volatile assets such as government bonds and safe-haven currencies.
During risk-on periods, stock markets generally rise, most commodities appreciate, and commodity-exporting nations see their currencies strengthen. Cryptocurrencies also tend to perform well under these conditions. In contrast, a risk-off market favors government bonds, gold, and safe-haven currencies like the Japanese yen, Swiss franc, and US dollar. Currencies of commodity-exporting nations such as Australia, Canada, and New Zealand, typically benefit from risk-on market conditions, mirroring their economies' reliance on commodity exports.
