XAU/USD retreats towards $2,020 as Ukraine-Russia stand-off ease

Ukraine and Venezuela’s efforts to tame the respective geopolitical tensions with Russia and the US have recently improved market sentiment. As a result, the metal’s safe-haven demand gets a dent, which in turn triggered the latest pullback in XAU/USD prices. Gold buyers take a breather around $2,042, down 0.40% intraday during Wednesday’s Asian session. In […]

Gold Price underpinned above $1900 as Russia Ukraine crisis escalates

After hitting fresh multi-month highs at $1914, spot gold is consolidating above $1900 as the Russia/Ukraine crisis escalates. As traders worry about the rising risk of a full-scale Russian military incursion into Ukraine, gold will likely remain supported. As the Russia/Ukraine crisis continues to escalate, most recently with Russia recognizing the independence of and moving […]