Gold futures resumed their climb on Thursday, a day after posting the first loss in five sessions. The precious metal once again climbed above $2,000, with the rise attributable to the Russia-Ukraine war and reports of zero progress towards an end of the conflict, said Jeff Wright, chief investment officer at Wolfpack Capital. Gold should hold “very solid and credible support” for a safe-haven in the war, as “markets are fixated on each headline,” he said. However, “gold will need to attract fresh capital and interest if [it] is to hold elevated levels over the longer run.” April gold GCJ22,
Source: Marketwatch
