Gold prices settle lower as ‘initial shock’ of Russian invasion wears off

34896 gold prices settle lower as initial shock of russian invasion wears off

Gold futures settled lower on Monday, with prices down a second straight session to their lowest finish since March 3. “It looks like precious metals, as well as other commodities, have got past their initial shock at Russia’s invasion,” Adrian Ash, director of research at BullionVault, told MarketWatch. The rally in most Western stock markets agrees that despite the “horror of Putin’s campaign, this isn’t [World War 3]. Not yet.” April gold GCJ22, -0.95% fell $24.20, or 1.2%, to settle at $1,960.80 an ounce.

Source: Marketwatch

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