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Gold Soars, Credit Cracks, Stocks Sink As Putin, Powell, & The President Pontificate Today was a microcosm of the week with headlines dominating the swings as traders focused on what Powell will do, what Putin has done (or not), and what the President will threaten to do, and what chaos they will unleash… Somewhat predictably (ahead of a 3-day weekend), today was a chaotic mess of headline-chasing in US equity markets. OVERNIGHT Rally: Lavrov Agrees to Meet Blinken , U.S. Says Then: 0809ET *DONBAS SEPARATISTS SAY WOMEN, CHILDREN TO LEAVE FOR RUSSIA : IFX 0838ET *PUTIN: RUSSIA ISN''T AGAINST TALKS ON U.S. SECURITY PROPOSALS 0845ET Russia creating ''false provocations'' in Ukraine in past 24-48 hours: Blinken 1040ET *FED''S EVANS: POLICY WRONG-FOOTED, NEEDS SUBSTANTIAL ADJUSTMENT 1049ET * ECB OFFICIALS EDGE TOWARD 2022 RATE HIKE TO STEM INFLATION 1100ET ITAR-TASS: Powerful explosion rocks downtown Donetsk — Donetsk News Agency 1107ET *BIDEN CALL WITH TRANSATLANTIC LEADERS SET FOR 2:30PM ET 1240ET *WILLIAMS: HAVE ROOM TO TRIM BAL SHEET MORE QUICKLY THAN BEFORE , SEES FED MOVING TO NORMAL RATES QUICKER THAN ''16, ''17 1256ET * DRAGHI: DISCUSSED WITH PUTIN INCREASING GAS SUPPLIES TO ITALY (just made us laugh) 1448ET *BELIEVE RUSSIA BEHIND CYBERATTACKS ON UKRAINE BANKS: NEUBERGER 1510ET *BRAINARD: I BELIEVE WE WILL TURN NEXT TO BALANCE SHEET RUNOFF 1515ET *U.S.

Gold has jumped up to a fresh eight-month-high this week and it may not be done yet, as an end to the Russia-Ukraine threat doesn''t yet appear near.

Gold futures fell on Friday to settle below the $1,900 mark, but still gained just over 3% for the week. While "war fears dominate the headlines, I believe the main driving force behind this rally remains rising inflation," said Peter Spina, president and chief executive officer at GoldSeek.com, adding that there may be a $20 "war premium" already built into gold prices. Gold may "swing and pullback" from the $1,900 mark, but "as we have seen for the last weeks, pullbacks get bought and the price reverses higher," said Spina. "The trend is up, and the gold price can quickly continue climbing here to its next technical price target of $1,920." April gold fell $2.20, or 0.1%, to settle at $1,899.80 an ounce after touching a high at $1,905 - the highest intraday level for a most-active contract since June of last year, FactSet data show. For the week, prices were up 3.1%, FactSet data show. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.

Here''s the best way to play the pop in gold prices.

The Fed appears to be willing to take it slow

(Kitco News) - The threat of a potential war in Eastern Europe and fear that central banks won''t be able to contain inflation has pushed gold prices to $1,900 an ounce, an eight-month high. Solid bullish sentiment indicates that price could go higher in the near term.

Gold prices jumped to an eight-month high on Thursday, closing in on the key $1,900 /oz mark.

Gold markets have pulled back a bit during the trading session on Friday, as we may have gotten a bit ahead of ourselves.

Gold capitalized on safe-haven flows throughout this week. A daily close above $1,910 could open the door for additional gains toward $1,925, FXStreet

Gold and the USDX reacted vigorously to the worrisome news concerning Eastern Europe. However, only the latter can be calm about its medium-term future.

It has been yet another week dominated by events unfolding in Ukraine. While there have been some reports of de-escalation in tensions, nothing has changed fundamentally to prevent investors from remaining fearful about a possible Russian invasion. So, investors have been seeking protection in haven assets like gold, not only because of the situation in […] The post Week Ahead: 21 February 2022 appeared first on Action Forex .

https://www.investing.com/analysis/inflation-high-risk-or-opportunity-for-gold-200618290

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American stocks declined sharply after Joe Biden delivered a major warning about the crisis in Ukraine. In a press conference, he warned that Russia w

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