• Price Change UP Icon Gold $2,231.00 +41.00
  • Price Change UP Icon Silver $24.95 +0.39
  • Price Change UP Icon Platinum $915.00 +11.00
  • Price Change UP Icon Palladium $1,026.00 +25.00
Geopolitical Uncertainty
August 9, 2023

Will geopolitical unrest spur the metals markets?

Bloomberg, by Luzi Ann Javier in
Share On Social Media

”Gold futures rose to the highest in almost three weeks as escalating tensions between Ukraine and pro-Russian separatists boosted haven demand.

Ukrainian troops seeking to push back pro-Russian separatists in the city of Slovyansk suffered casualties in a firefight as violence spread from the eastern industrial heartland to the Black Sea gateway of Odessa.  Ukrainian Acting Prime Minister Arseniy Yatsenyuk said in a BBC interview that the conflict is turning into a ‘real war.’

Through May 2, gold advanced 8.4 percent this year as the conflict prompted traders to unwind bets on price declines.  Ukraine’s presidential election is driving another rift between Russia, the European Union and the U.S. as Vladimir Putin’s government questions the legitimacy of the May 25 vote.

‘Civil unrest in Ukraine has everyone nervous about the integrity of the May 25 elections and the stability of the region,’ Steven Scacalossi, the head of global-metal sales at TD Securities in Toronto, said in a note.

Gold futures for June delivery gained 0.7 percent to $1,311.60 an ounce at 10:19 a.m. on the Comex in New York.  Earlier, the price reached $1,315.80, the highest for a most-active contract since April 15.”

*This information is solely an excerpt of a third-party publication and is incomplete. Please subscribe to the referenced publication for the full article. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.

Get Your Free Report
A Rising Storm
All form fields are required *
Thank You

Want your kit sooner?

Faster delivery
is available by phone.

800-444-8317

Download Your Report

Enter your phone number to be connected to a Monex Account Representative.

Thank You
Want your kit sooner?

Faster delivery is

available by phone.

800-444-8317
All form fields are required *
Embed Spot Prices!
Copy and Paste below code into your HEAD tag / before end tag of body to embed chart.
Copy and paste code below wherever you want your chart displayed.
Copied to clipboard
Embed This Chart!
Copy and Paste below code into your HEAD tag / before end tag of body to embed chart.
Copy and paste code below wherever you want your chart displayed.
Copied to clipboard
FREE REPORT OFFER
A Rising Storm
Thank You
Please check your email for a confirmation link and Free Report!
I agree to receive news and promotional material from this website and understand I can cancel at any time. Privacy Policy