Gold settles higher as Russia-Ukraine crisis boosts haven demand for the metal

Gold futures settled higher on Wednesday, rebounding from a loss in the previous session. At the start of the week, gold prices had settled at a roughly three-month high “as fears of a potential Russian invasion of Ukraine sparked demand for safe-haven assets,” said Rohan Reddy, analyst at Global X. “With perceived political risks increasing worldwide, demand for gold could continue to increase as investors look for store-of-value assets in times of uncertainty.” April gold GCJ22, +0.32% rose $15.30, or 0.8%, to settle at $1,871.50 an ounce.

Source: Marketwatch

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