Gold & Oil.
Last
week, the Foreign Minister of Iran,
Mohammed Javad Zarif, had met in Geneva with its
counterparts of the United States,
China, Russia, Britain,
France and Germany to
attempt to reach a compromise on the Iranian nuclear issue.
And
finally in the night of Saturday 23 to Sunday November 24, an agreement has
been reached, marking a historic date in the negotiations with Iran and its
return to the international scene.
Impact on oil:
The
Geneva agreement has not lifted all sanctions on Iran, particularly on the
gross of the Islamic state, nothing will change for oil exports, U.S. and
European markets remain closed for Iran’s exportations, decision dated back to
January 2012. Iran will
continue to export its crude to Asian countries (China,
India, Malaysia ...)
in small quantities.
Pending
future discussions, investors seem to believe in a delay of Iranian oil market,
the price of Brent crude is down at the beginning of the week.
The impact on Gold:
