Gold has reached its highest level in ten days at $2,670 per ounce, largely driven by escalating geopolitical concerns related to the ongoing conflict between Russia and Ukraine.
The increasing demand for ETFs like GLD, which recorded positive net flows reaching nearly $694 million, showcases how investors are responding to rising geopolitical tensions.
Recent statements from Federal Reserve officials have added to the uncertainty in the market about potential interest rate cuts, causing mixed signals regarding economic stability.
The introduction of anti-personnel mines by the US to aid Ukraine amidst renewed conflict pressure is a significant geopolitical development that may impact market sentiment.
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