Gold prices are trading slightly higher than $1,920 on an intraday basis, with all industry players’ eyes on the Russia-Ukraine war.
Gold prices are trading slightly higher than $1,920 on an intraday basis, with all industry players’ eyes on the Russia-Ukraine war.
The price of oil has rallied 15 per cent from last week’s low of $98 per barrel to a Tuesday high of $113 with news of Shanghai’s plans to end its Covid-19 lockdown by June.
The recent US interest rate hike and the Russia-Ukraine war have continued to impact some global stock markets since the start of the week.
Gold prices fell on Tuesday, approaching their lowest level since mid-February, as the prospect of a rate hike by the US Federal Reserve and a stronger greenback dampened the attractiveness of bullion.
Oil climbed from a low of $95.2 per barrel to Tuesday’s high of $102.70 as Chinese Covid-19 cases dropped to a three-week low and with assurances from China’s central bank of economic support easing fears that a new round of lockdowns