Gold on the rise, euro reels: A mix of crises and record figures

Gold experiences the largest increase in almost eight months during this turbulent week, while the euro slips to a 13-month low. This is triggered by geopolitical tensions due to Russia's new nuclear threats and the launch of a hypersonic missile towards Ukraine, driving investors to safe havens such as the Swiss currency and German government bonds. Energy prices in Europe are also rising, reaching the highest level in a year. In Asia, chip manufacturers dominate market activity. Driven by strong results from the American tech giant Nvidia, whose stock reached a new record high, stocks in Taiwan and South Korea rose by over 1%, while the Nikkei gained 0.8%. The gold price stabilizes at $2,677 per ounce, recording a weekly increase of over 4.5%. Bitcoin is on the verge of surpassing the $100,000 mark for the first time. Meanwhile, the situation surrounding the Adani group continues to pressure investors: The business group's dollar bonds record losses after its chairman, Gautam Adani, was charged with fraud by U.S. prosecutors. The situation in energy markets remains critical: The Brent oil price climbs by nearly 4.5% this week, reaching a two-week high of $74.44 per barrel in Asia. This is a direct result of geopolitical uncertainties, which ANZ Bank analysts call worrying, as they suggest a new phase of warfare and raise concerns about potential supply disruptions. In Europe, the euro remains under pressure, weighed down by U.S. tariffs, a potential government collapse in Germany, and political tensions in France. The common currency approaches a critical support level. The dollar is on track for a weekly gain of 0.4%, while U.S. government bonds remain stable. The probability of a Fed rate cut is now assessed at about 58%, a decrease from 83% the previous week. In Japan, core inflation maintains pressure for a rate hike in December and supports the yen.