Saturday, November 23, 2024

Business

Gold hits near nine high moon because the Ukrainian crisis is getting deeper

Gold hits near nine high moon because the Ukrainian crisis is getting deeper

The price of gold reached nine months on Tuesday, after Russia ordered troops to areas separating East Ukraine, increasing demand for Safe-Haven metal.

Fundamental.

* Spot Gold rose 0.2% at $ 1,909.54 per ounce, at 0035 GMT, after the highest scaling since June 1 with $ 1,913.89 per ounce before. US. Gold Futures rose 0.7% to $ 1,913.60.

* Russian President Vladimir Putin recognized two regions that separated themselves in East Ukraine as independent on Monday and ordered Russian soldiers to launch what Moscow called in peace operations to the area, accelerating the crisis, Western fears could release the big war.

* Oil jumped to as high as seven years, secure-in-havens and A. Diving futures stocks. [MKTS / GLOF]

* President U.S. Joe Biden signed the executive order to prohibit trade and investment between individuals A.S. And two regions that separate themselves in East Ukraine, the White House said.

* U.S. The 10-year-old yield benchmark slipped on the back of the Ukrainian crisis and bets in the increase in the Federal Reserve interest rate, moved away from the peak of more than two years ago. [OUR/]

* Fed officials agree that with inflation tightens his grip on the economy and strong work, it is time to raise interest rates, but also that every decision will depend on the analysis of parables and other data.

* While the bullion is considered a fence on geopolitical inflation and risk, the increase in interest rates will increase the opportunity cost to hold bars that do not produce.

* Spot silver rose 0.4% at $ 24.03 per ounce, platinum rose 0.5% to $ 1.080.03 and the palladium rose 0.5% to $ 2,399.41.

Data / Events (GMT)

0900 Germany ifo new business climate

0900 Germany’s new IFO channel condition

0900 Germany’s new IFO hope

1445 Markit as MFG, Serv, Comp Flash PMI

1500 US consumer confidence

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