In my last post, I wrote about prospects for civil war in Ukraine turning into a direct confrontation between Russia and the West, and what that would mean for gold prices. I said that markets had not yet woken up to this reality and when they did, gold prices would rise. Markets are now taking…
What is the connection between the price of gold and civil war in Ukraine? Simple—gold has long been a refuge in times of political turmoil. When investors and savers realize the severity of a threat to their wellbeing, they rush to gold to protect their wealth, driving prices up quickly. In recent weeks, the conflict…
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