A Russian military operation in Ukraine generated a flight to safe-haven currencies such as the dollar, yen and Swiss franc, while the ruble sunk.
Some $200m was wiped from the cryptocurrency market in the recent sell-off following Russia’s attack on Ukraine.
Analysts predict gold could reach $1,950 an ounce if the crisis worsens
The preconditions for a gold rally have been accumulating, as geopolitics and inflation risk threaten global growth
Oil prices surge on Russia-Ukraine affairs causing NOK, commodity currencies to outperform
The euro, the pound and other risk-sensitive currencies rose on Monday after US President Biden and Russian President Putin agreed to meet
Geopolitical concerns ease as Russia and the US agree to meet, sparking a recovery in investors’ risk appetite
As geopolitical risks resume, investors turned to the safe havens of gold and Japanese yen. Meanwhile, the Federal Open Market Committee minutes failed to support the dollar
US insurer State Farm paid out $63m in catalytic converter claims in 2021
Recent gold price actions might herald the start of a growth in value
Most players crave clarity on how their digital assets will be taxed in the next fiscal
Inflation soared at the fastest rate in 40 years in the United States, causing large intraday price actions in major asset classes.
Peloton faces pressure as takeover rumours circulate and CEO steps down
Analyst says that the gold price remaining steady shows investors are not convinced the US recovery is real
Oil and gold on the rise as US dollar yo-yos