Global Markets Wobble Amid Rising Tensions and Election Uncertainty

Equity markets declined globally on Monday due to geopolitical tensions and the impending U.S. presidential election. In parallel, gold prices surged to record highs amidst the instability. The market's trajectory remained uncertain with rising oil prices and fluctuations in major currency values.

Global equity markets experienced significant downturns on Monday as investors adjusted their positions amid escalating geopolitical tensions and uncertainties surrounding the upcoming U.S. presidential election. Gold prices, meanwhile, reached unprecedented heights, reflecting the unstable market conditions.

In the U.S., major Wall Street indexes, including the S&P 500, Dow Jones, and Nasdaq, recorded declines. Defensive stocks such as real estate and healthcare bore the brunt of the sell-off. Similarly, European and Asian markets reflected a downward trend, driven by similar investor apprehensions.

Commodity markets saw a reversal, with oil prices rebounding after steep declines. Concurrently, traditional market safe-havens like the dollar strengthened, impacting various currency valuations. The financial instability highlights the market anxiety as geopolitical tensions and electoral uncertainties continue to loom.

(With inputs from agencies.)