Gold Fails To Hold Gains On Lack Of Clarity In Ukraine War

Published on Apr 01, 2022 11:58

Gold rose in volatile trades yesterday as Ukraine worries weighed on the metal. COMEX Gold moved up near $1950 per ounce as Russian President Vladimir Putin struck back at Western sanctions on Moscow, threatening to halt contracts supplying Europe with a third of its gas unless they are paid in Roubles. Media reports also noted that Russian forces are regrouping for escalating their attacks in the eastern part of Ukraine. However, the metal failed to sustain at these levels and slipped. The COMEX Gold futures are currently trading at $1934 per ounce, down 0.76% on the day.