Spdr Gold Shares ETF News

(Kitco News) - High levels of volatility are making their way through financial markets following Russia''s attack on Ukraine, with gold seeing $90 price swings and silver posting a sharp reversal as investors digest the new geopolitical reality.

Considering the ongoing market turbulence, market participants have been making their investment choices and putting money in some ETF areas that have been highlighted here.

Gold tumbled after earlier surging to the highest in 17 months with investors viewing sanctions on Russia as weaker than expected.

Massive Roundtrips Across Global Markets As Russia Sanctions Fears Abate Well that was a night and a day… As Goldman''s Chris Hussey summarized today, "the Russia-Ukraine conflict transitioned from a ''known unknown'' to a ''known known'' today, in the parlance of Wall Street, and markets may be showing some signs of embracing a bit of the diminishing ''uncertainty''." The most devastating package of sanctions ever in the history of the world, avoided touching any commodity product and did not include SWIFT restrictions and that was all the excuse that was needed for traders to lift hedges, punching stocks higher. Today''s rebound (from down 4% to up 3.5%) was the biggest intraday jump in NQ futs since 3.13.2020 as The Fed unleashed hell on the bears. All the US majors got back into the green by the close... (Today was a bigger swing than on 4/6/2020... the day that SBA unveiled the Paycheck Protection Program.) The Nasdaq futures was down 22% from its highs overnight - in bear market territory - but no longer.

DXY blasted off last night but couldn’t hold all gains: Russia bombed the AUD but it bounced too: Oil and gold sold the fact: Base metals loved the war: Big miners didn’t: EM stocks gapped into madness: EM junk is now a Russian missile of doom: Treasuries were bid a bit: Stocks were murdered then

Spot gold changed course after hitting a multi-month high of $1,974.40 a troy ounce and plummeted to $1,877.96, now bouncing modestly from the latter.

The mode in markets at the moment is reversal. The huge moves in commodities and stocks from earlier are unwinding with no country willing to hamper Russian exports. Gold is a good example. It rose to a one-year high of $1973 but it''s fallen all the way back to $1905, which is unchanged on the day.

Gold surged to the highest since September 2020 after Russian forces attacked targets across Ukraine, triggering the worst security crisis in Europe since World War II and crushing risk sentiment. Read Full Story at source (may require registration) The post Gold Touches Highest Since 2020 as Ukraine Crisis Boosts Havens appeared first on ForexTV .

Gold (XAU/USD) climbs in the North American session, thought retreats from 14-months daily highs at $1,974.48, as the Ukraine – Russia conflict escala

Russia''s invasion of Ukraine threw global markets into turmoil; European stocks plummeted and in the U.S. the Dow joined the S&P 500 in a correction.

Gold futures rallied on Thursday, with Russia''s invasion into Ukraine lifting haven demand for the precious metal, sending prices to their highest finish since early January of last year. If Russia expands its invasion past Ukraine and engages in combat with NATO forces in the Baltics or Poland, gold will most likely go beyond $2,000 within a day -- and probably towards $2,200 both on safe-haven interest and a lack of sellers, said Jeff Wright, chief investment officer at Wolfpack Capital. April gold rose $15.90, or 0.8%, to settle at $1,926.30 an ounce. 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.

(Kitco News) - Gold and silver prices are higher in midday U.S. trading Thursday. However, both metals have backed way off their early spike highs that saw gold hit a 1.5-year high of $1,976.50 and silver a seven-month high of $25.67.

Gold prices traded to a 15-month high before retreating.

Bitcoin price: BTC drops as gold rises amid Russia’s attack on Ukraine Deseret News

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