Gold futures mark first loss in 3 sessions


Gold futures declined on Wednesday, pulling back a day after settling at their highest in 13 months. Expectations for talks between Russia and Ukraine helped ease haven demand for the metal. Still, “demand for safe-havens will remain elevated as this is likely the very early stages of the Russia-Ukraine war,” said Edward Moya, senior market analyst at OANDA. “Gold will remain very sensitive to incremental updates but should still see a strong move higher as geopolitical tensions and growth concerns will not be going away anytime soon.” April gold GCJ22, -1.05% fell $21.50, or 1.1%, to settle at $1,922.30 an ounce. On Tuesday, prices gained 2.3% to finish at $1,943.80, the highest for a most-active contract since January 2021.

This article was originally published by Read the original article here.

Previous articleNext Avenue: Here’s how to get started dealing with all of your stuff, and what to do with it
Next articleU.N. set to vote on resolution demanding halt to Russia’s attack on Ukraine


Please enter your comment!
Please enter your name here