Which Oil Giant Stands To Lose The Most In The Exodus From Russia?

Which Oil Giant Stands To Lose The Most In The Exodus From Russia?

Reuters

Gold inches higher as Ukraine conflict lifts safe-haven bids

Gold prices edged higher on Wednesday as concerns of an escalation in the Russia-Ukraine conflict increased safe-haven bids for the precious metal, although a firmer U.S. dollar capped bullion’s gains. Spot gold was up 0.2% at $1,969.61 per ounce, as of 0400 GMT, after hitting a near one-month peak of $1,978.21 on Tuesday. “Gold is benefiting from some safe-haven demand this week as inflation fears grow, China growth stumbles and the war in the Ukraine gets set for round two,” said OANDA senior analyst Jeffrey Halley.

Post a Comment