Add More Capital: European jewelers benefit from the dragging down of gold prices due to the Iran war.

Analysts at RBC Capital Markets said that European jewelers and watch manufacturers are expected to benefit from the constantly changing energy and commodities landscape. While gold prices soared last year, they have since fallen by about 12% since the outbreak of the Iran war. At the same time, oil prices have risen and investors are preparing for future interest rate increases. Silver prices have also fallen. RBC said in a report that this is good news for luxury goods groups that use precious metals in their products. The bank stated that companies such as Cartier's owner Richemont Group, Swiss watchmaker Swatch, and Danish jeweler Pandora could all benefit. RBC also added that these groups are relatively less affected by the rise in oil prices.