Russia-Ukraine Tensions Rise, Gold Prices May Go Higher
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The Russian-Ukrainian war worsened again, Ukraine refused to surrender to Russia, and claimed that if the last batch of Ukrainian troops in Mariupol were killed, Ukraine would end the peace talks with Russia, market worries heated up, and strong safe-haven demand continued to push up gold prices go higher. On the other hand, most analysts believe that the market has shown signs of interest in gold, which will continue to push gold prices higher. If the stalemate between Russia and Ukraine continues, it is expected that the gold bull market will continue.
The trend of gold can be paid attention to…
-Latest news on the Russian-Ukrainian war
-20:30 U.S. Total Housing Starts (Annualized) (Mar)
-20:30 U.S. Total Building Permits (Mar)
-22:00 U.S. Total Existing Home Sales (Annualized) (Mar)
-20:30 U.S. Unemployment Claims for the week ending 4/16
-20:30 Philadelphia Fed Manufacturing Index (Apr)
-22:00 Conference Board Leading Indicator (MoM) (Mar)
-21:45 U.S. Markit Manufacturing PMI (Initial) (Apr)
-21:45 U.S. Markit service PMI (Initial) (Apr)
Which will affect the trend of gold, and investors must seize the opportunity to place orders.
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Disclaimer: Information above can only be use for references and doesn’t represent our platform’s opinions.