Tag
GOLD
In spite of the Russian invasion of Ukraine and inflation accelerating, demand for the haven asset has eased after the metal surged to $ 2,070 an ounce.
The U.S dollar is climbing against the safe-haven yen, reaching a five-year high on strong expectations that the U.S central bank will go hawkish.
Gold has traded an all-time high of $2,078.80, pushing its estimated market capitalization above the $13 trillion dollar mark for the first time ever.
Despite the dramatic price movements across asset classes, it is important to know what investors are buying and selling right now.
Oil & Natural Gas prices are bound to rise as the energy markets are sensitive to geopolitics, and given the inflationary environment, commodities might have found extra support.
The yellow metal has eased its bullish momentum after hitting $1,900 an ounce, a price point not traded since June 2021.
Gold is bullish at the start of the London session today, trading close to an eight-month high it touched earlier in the week.
Gold’s appeal as a store of value and an inflation hedge has seen its price hold up, despite the diplomatic efforts to defuse the Russia-Ukraine situation.
The gold market rose 2% over the week amid US Fed fears of an imminent Russia-Ukraine war.
Gold is marginally down in the London session today ahead of the U.S inflation data scheduled to be released today.
While many crypto assets saw profit-taking as investors cautiously held their bets, Bitcoin dropped below $44K support level.
Gold prices rose on Wednesday morning in London, but they remained near one-month lows. Investors digested comments by...