Graniteshares Gold Trust ETF News

CHICAGO, Feb. 28 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange rose on Monday as geopolitical tensions in Ukraine continue. The most active gold contract for April delivery rose 13.1 U.S. dollars, or 0.69 percent, to close at 1,900.7 dollars per ounce. Gold rose 5.8 percent for February. There is no sign of de-escalation between the Western countries and Russia

According to experts, investing in gold is the best way to hedge against geo-political tensions and inflation

Gold (XAU/USD) reached a daily high during the Asian Pacific session as the week began. The financial market’s mood worsened over the weekend when the

U.S. Treasury yields drop as geopolitics reduce rate hike fears

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Gold futures climbed on Monday, buoyed by Russia''s ongoing invasion of Ukraine, with prices for the metal ending higher for the month. "If there is no de-escalation between the West and Russia, there will be a surge of physical investment demand into precious metals as a rush into precious safe havens explodes," said Peter Spina, president and chief executive officer at GoldSeek.com, noting that Russia is also among the world''s biggest gold producers. Still, gold prices may see "some selling pressures from some liquidity needs, so you will see some volatility," said Spina. April gold rose $13.10, or 0.7%, to settle at $1,900.70 an ounce. Prices based on the most-active contract rose 5.8% for the month, according to FactSet data. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

The ongoing Russian-Ukraine crisis has stoked anxiety in risk markets, pushing up gold prices as investors seek safe haven. The precious metal climbed to $1918.45 per ounce as of 4.30 WAT, Monday. The price is up nearly 6 percent since the start of the year. Last Thursday, Gold prices jumped to $1926.30 per ounce, its highest in more than a year as the Russian president launched a full-fledged military attack on Ukraine. Investors consider gold as a safe haven in times of turmoil. For instance, in the early days of the COVID-19 pandemic, gold became a hot investment as cases spread and the stock market cratered. Despite the surge, experts have said that gold is unlikely to continue its winning streak. “We doubt that the rise in the price of gold in 2022 so far will be sustained,” Oliver Allen, a markets economist at Capital Economics said in a recent report. “If tensions eased from here, we think that gold would drop back quite significantly,” Allen said, saying that the firm expects the price of the yellow metal to fall back to $1,600 per ounce, from $1,900 currently.

Brent crude rose $ 2.79, or 2.85 per cent, to $100.72 by 9.12 pm IST after touching a high of $105.07 a barrel in early trade

(Kitco News) - Gold and silver prices are firmer in midday U.S. trading Monday, on safe-haven demand as the Russia-Ukraine geopolitical situation is deteriorating.

Russia’s central bank said on Sunday that it would start buying gold on the domestic market again, in the latest move to try to stabilize the financial markets and its reserves after Western sanctions targeted its banking system. The central bank of Russia came under Western sanctions over the weekend, after the EU, the U.S., and allies decided to remove some Russian banks from the international SWIFT banking system and imposed restrictions on the Russian central bank in response to Russia’s war in Ukraine. “This will ensure that…

Harmony Gold <> trades higher despite reporting a 69% decline in profits for this year''s H1 to 1.39B South African rand (~$96M) from 4.6B rand, reflecting lower gold prices…

Still higher on the day but near session lows

(Kitco Commentary) - The best performing precious metal for the week was palladium June 22 future, up 1.21% which surged on the first day of the Russian invasion. Gold moved to its highest since 2020 after Russian forces attacked targets across Ukraine, triggering the worst security crisis in Europe since World War II

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Gold markets were all over the place during the session on Monday, as we continue to see noisy behavior more than anything else. Geopolitical concerns continue to dominate movement.