Saturday, July 5, 2025

Latest

Futures Plummet, Gold Slated for 3rd Week of Gains as Ukraine-Russia Tensions Escalate

Any confidence of a de-escalating situation between Ukraine and Moscow came to an abrupt halt on Monday, after leaders from the two breakaway regions of Donbass called on Russian President Vladimir Putin to recognize both Donetsk and Lugansk as sovereign nations. The president is expected to make an announcement later today regarding his decision, as hostilities across the eastern Ukrainian border continue to escalate.

With an end to the conflict nowhere in sight, futures markets were sent tumbling on Monday, as the world assessed the crisis in eastern Ukraine minute-by-minute. US equity futures fell to a session low of 4301 from overnight highs, while the Euro Stoxx 600 slumped to the lowest since early October, as traders remain on edge over the emergence of any news from Ukraine and Russian leaders.

However, commodity markets registered a performance streak in response to the crisis, with gold soaring to nearly the highest in eight months, as investors pile into safe haven assets amid fears of interventions in Ukraine from Russia and the West. The precious metal is now trading just under $1,900 per ounce at the time of writing, marking the third week of consecutive gains.

Data from Refinitiv showed precious-metal mutual- and exchange-traded funds accumulate net inflows for five straight weeks, marking the longest such streak since August of 2020. As such, analysts at Citigroup have turned their near-term gold price forecast more bullish, from $1,825 per ounce to $1,950 per ounce, citing growing geopolitical hostility. However, the bank also warned that bullion prices may face uncertainty in the longer-run, particularly as the Federal Reserve is slated to increase interest rates.

“The short-term bid for gold driven by Black Sea military tensions, a spike in risky asset volatility, and inflation hedge demand will need to grapple with an increasingly hawkish Fed and higher policy rates come March,” read a research note from Citigroup, as cited by Bloomberg.

Information for this briefing was found via the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Torex Gold Acquires Reyna Silver For CASH!

Dundee Acquires Adriatic Metals: The Balkan Growth Strategy

Gold Drilling Scaled to 60,000 Meters: How Big Can This Get? | Roger Rosmus – Goliath Resources

Recommended

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Related News

The Growing Demand For Physical Gold – The Daily Dive

Today on The Daily Dive, we welcome back Peter Grandich, CEO of Petergrandich.com. Today, we...

Wednesday, February 2, 2022, 01:30:00 PM

Nighthawk And Moneta To Merge To Create Gold Developer

Consolidation continues within the junior mining space, with Nighthawk Gold (TSX: NHK) and Moneta Gold...

Tuesday, November 28, 2023, 08:14:16 AM

Karora Resources Produces 24,078 Ounces Of Gold In Second Quarter

Second quarter production results were published by Karora Resources (TSX: KRR), whom was formerly known...

Thursday, July 16, 2020, 11:15:42 AM

Unigold Drills 9.02 G/T Gold Over 30 Metres At Neita Concession

This morning, Unigold inc (TSXV: UGD) announced further results from its ongoing phase 1 drill...

Monday, August 10, 2020, 08:41:18 AM

Gold Soars! Spot Price Of Metal Sets New All Time High Over US$1,930 Per Ounce

Just one session after gold broke the $1,900 level, we have seen new all time...

Sunday, July 26, 2020, 10:53:46 PM