Gold price moves past $1,900 as tensions mount in Ukraine

  • 02/23/2022
  • Source:
  • by: Staff Writer
Gold prices rose above the key $1,900 an ounce level on Wednesday as tensions continue to mount in Ukraine following reports that several government and bank websites were hit by cyberattacks.

Spot gold rose 0.5% to $1,908.08 per ounce by 11:45 a.m. ET, its highest level since the end of May 2021. US gold futures held their ground, moving 0.1% higher to trade at $1,909.90 per ounce.

Early in day, Ukraine moved toward declaring a nationwide state of emergency following Moscow’s recognition of two breakaway regions, as Russia President Vladimir Putin said he remains open to “diplomatic solutions” so long as his nation’s interests and security are guaranteed.

Bullion is trading near the highest in over eight months after rallying on the simmering geopolitical tensions. It has attracted renewed interest from investors in exchange-traded funds and hedge funds trading the Comex, which both spent much of 2021 on the sidelines.

Read More

Analysis and insights into the newest trends and industries shaping the world and your wealth.

The world is more dynamic than at any time in History.
New Markets are opening up. Technology is accelerating. It’s changing everything.

And creating fortunes in the process.

Dynamic Wealth Research exposes the biggest and most profitable changes for our readers.
© 2016 - 2023 DYNAMIC WEALTH RESEARCH, Privacy Policy, Disclaimer