Defense contractor BAE Systems BA, +4.38% was the top performing FTSE 100 stock in midday trade, rallying over 5% after Russian President Vladimir Putin announced a partial mobilization of troops and threatened the west with nuclear weapons. Gains for Shell SHEL, +2.15% and BP, +1.57% also buoyed the U.K. index UKX, +0.59%, up 0.8%.
XAUUSD quotes continue to rise with minor corrections. A ceasefire between Iran and the US may send oil prices plummeting and push gold prices higher. XAUUSD