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The global markets faced several fluctuations in this week. From the debate between the two rivals of US President to the announcement of the infection of Trump and the first lady with Corona Virus in the last working day of the week, made huge fluctuations in the last week.

Tehran, Oct. 05 (SENA) – As SENA reports, the global market faced a turbulence after the debate between Biden and Trump. The index of the US Capital Market descended by 1 percent as a reaction to the controversial debate. But the conditions did not go well even for the safe wealth such as gold, which faced a 0.5 percent price decrease. In between, only the China Bourse had a rise because of the not expected performance of the Purchasing Managing Index (PMI) status.

The market faced another disturbance at Friday. Donald Trump declared in a tweet that the result of their Corona Test of he himself and the first lady was positive. He also cited: We are starting the quarantine and remission fast. We will pass this occurrence beside each other.

Therefore, the price of petroleum has had a more decreasing flow and scored a 3 percent plus drop. The consequences of the infection announcement of Trump made, was while the support package for resurrecting America’s economy is still indeterminate.

As Bloomberg reported, while the markets were facing an enormous drop at Friday, dollar gained an extreme strength. Whilst dollar’s increased strength has always been a pressure on the petroleum and basic products’ prices, the release of the results of the surveys of Bloomberg and Reuters both indicate the incremented production rate of OPEC in September. The result of the surveys of these two news agencies reported the increase of carrying Iran’s Petroleum beside Venezuela and Libya as the exempted members of the Production Decrement Agreement.

The release of these reports has also done a double pressure on the petroleum market. Simultaneously, the bourse index has decreased by approximately 1.5 percent. Brent and WTI Petroleum went under 40 dollars. The valuable metals also faced a new minimum. Copper experienced under 6.3 thousand dollars and Zinc also was transacted for under 2.3 thousand dollars. On the other side, gold could keep the 1.9 thousand dollars rate as a shelter for investors.

After the positive result of Trump and his wife’s Corona tests, the release of NFP reports made his job even more complicated. While it was expected to create 850 thousand non-agricultural jobs, the achieved number is 661 thousand. From the beginning of the Corona Virus pandemic, 21 million jobs were lost, which now 11 million of them are vivified.

Based on this, except gold which faced a 2.4 increment and reached 1,904 dollars each ounce, petroleum and valuable metals went red. Brent Petroleum reached under 40 dollars each barrel with a 6.3 percent drop; and Lead, Zinc, Copper and Aluminum had respectively 3.6, 2.6, 0.15 and 0.04 percent drop.

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