Following a failed insurrection by Russian mercenaries that cast doubt on President Vladimir Putin’s authority, global shares declined while gold increased, giving investors little choice but to concentrate on the larger macroeconomic picture.
The MSCI All-World index (.MIWD00000PUS) was last down 0.l%, with drops in Europe driving the STOXX 600 (.STOXX) down 0.3% due to declines in military firms.
In times of geopolitical or financial unrest, gold is frequently seen as a safe haven and increased 0.6% to $1,932 per ounce.
After reaching a high of $74.80 a barrel earlier, Brent oil futures declined by 0.3% to $73.69 a barrel. Early in the morning in Moscow, the rouble hit a 15-month low.