Spdr Gold Shares ETF News

As geopolitical tensions continue to rise on the border of Russia and Ukraine, both gold and the U.S. dollar are truly acting as safe-haven assets.

The EUR/USD pair trades near a daily low of 1.1279, as the dollar surged amid its safe-haven condition. ECB President Lagarde failed to impress market players with her words on monetary policy. The post Gold climbs to four-month high as tensions escalate, GBP/USD volatile as Fed debate rate hike [Video] appeared first on ForexTV .

(Kitco News) - The gold market continues to benefit from its safe-haven appeal as Russia-Ukraine tensions confuse and add fear to the marketplace.

Tension ruled the markets all over the world Monday, the damage in Canada as elsewhere an indirect result of apprehension over Russia’s next move involving Ukraine. The S&P/TSX Composite lost 196.33 points to finish out the day at 21,352.51. The Canadian dollar fell 0.31 cents at 78.55 cents U.S. Health-care stocks got bludgeoned, as Canopy Growth tumbled 96 cents, or 8.2%, to $10.75, while Tilray skidded 47 cents,or 5.2%, to $8.57. In energy plays, Vermilion Energy swooned 67 cents, or 3%, to $21.67, while Tamarack Valley Energy lost 11 cents, or 2.2%, to$4.93. Financials also took a pasting, most notably, Trisura Group, down three dollars, or 7.5%, to $37.20, while Brookfield Asset Management slid $1.57, or 2.1%, to $72.43. Gold tried to even things out, with Wesdome Gold hiking 58 cents, or 4.5%, to $13.18, while Eldorado Gold gained 39 cents, or 3%, to $13.18. Materials also pointed upward, as Agnico Eagle Mines jumped $3.25, or 5.1%, to $66.71, while Silvercrest Metals spiked $3.25, or 5.1%, to $66.71.

Equities struggled out of the gate Monday as investors, already trying to keep one eye trained on any signs of the Federal Reserve''s next move, had to keep their other eye out for developments in Eastern Europe. Citing the ongoing buildup of Russian troops along the Ukrainian border, Secretary of State Antony Blinken today ordered the U.S. Embassy in the capital Kyiv closed, sending staffers there west to Lviv. Multiple reports say U.S. intelligence believes an attack could come this week. SEE MORE The 15 Best Value Stocks to Buy for 2022 "Open hostilities could cause disruptions to supply chains, and Western threats to impose financial sanctions could cause issues for banks that have extended credit to Russian guarantors," say Jason Pride and Michael Reynolds, CIO of private wealth and vice president of investment strategy, respectively, at investment firm Glenmede. The direct impact would be limited, though, with the pair noting that "Russia and Ukraine combined represent less than 3% of global GDP and 0.5% of global equity market capitalization." "The escalation of Russia and Ukraine tensions come at a time when the stock market is already vulnerable given inflation worries and the potential for Federal Reserve tightening," adds George Ball, chairman of investment firm Sanders Morris Harris. "If an armed conflict between Russia and Ukraine is somehow avoided, a short lived relief rally is likely, but there are still too many worries on the horizon for any type of longer lasting upward move higher in stocks." The growing conflict continued to put a spark into energy prices, with U.S. crude oil futures closing up 2.5% to $95.46 per barrel their highest close in more than seven years.

Alternative investment platform, Vint recently launched an offering for shares of its Rhone Valley Collection, featuring the top wines from the Northern and Southern Rhone Valley in France. The collection includes 360 bottles valued at over $150,000. The Rhône 100 index from Liv-ex is at its highest level ever, seeing 15.8% growth over the past 12 months. The index collectively outperformed top indices for Bordeaux and Italian wines and even gold in 2021. Vint launched the Rhone Valley Collection with 3,824 shares. The offering is now over 90% funded with less than 350 shares remaining. About The Rhone Valley Collection: The most in-demand wines in this collection are the three single-vineyard La La wines, La Full story available on Benzinga.com

Ukraine Sparks Market Mayhem As Traders See Fed Panic Ahead, Price-In Rate-Cuts Next Year Clown market exposed once again Ukrainian leader Volodymyr Zelenskiy spooked markets with what turned out to be a sarcastic comment about the rest of the world predicting a date for a Russian attack , which he said should be a day of unity instead. BREAKING: THE SIMPSONS TO HIRE ZELENSKY AS KRUSTY THE CLOWN REPLACEMENT pic.twitter.com/r9HsTIjKuB Newsquawk (@Newsquawk) February 14, 2022 Earlier in the day, St.Louis Fed''s Jim Bullard was on CNBC for what many expected to be a mea culpa walkback of his hawkish comments. Instead he doubled down on the need for accelerating, front-loading rate-hikes and QT and warned "The Fed''s credibility is on the line." That sent the odds of a 50bps hike in March jumping higher... Source: Bloomberg But, the market is now predicting The Fed''s tightening cycle will be swift, aggressive, and over very quickly. At the same time as rate-hike odds this year soar, the forward-OIS curve is increasingly inverted, pricing in a rate-cut next year...

(Kitco News) - The gold market continues to benefit from its safe-haven appeal as Russia-Ukraine tensions escalate.

Exchanging chocolates and gifting precious metals have been common on Valentine's Day. So why not surprise your valentine with some financially-sensitive yet Valentine's Day-themed ETFs and make the e

ETFs based on precious and industrial metals have received attention as inflation hedges. But the offerings go beyond silver and gold.

By Peter Hobson LONDON (Reuters) – Concern among investors that the U.S. Federal Reserve will fail to control inflation is helping to lift gold prices despite a sharp rise in U.S. bond yields that would usually drive the metal lower, analysts said.

Gold broke the year-to-date high on Friday and has continued the momentum higher today, adding $7 to $1866. It''s been a one-way run for gold from the low of $1780 in late January. The next major hurdle is the November high of $1876 and we''re now within

Ukraine tensions have continued to dominate the market narrative, with bonds and safe haven currencies in strong demand, while stock markets have sold

Silver settled above the resistance at $23.70 and is moving towards the next resistance level at $24.00.

Shift to low-yield gold loans; aggressive advertising spends make dent