Tag: safe haven

Gold sparks to $1700 – what happened?

Gold sparks to $1700 – what happened?

The weaker US manufacturing index negatively impacts the US dollar and helps gold reach the level of $1700.
Higher demand for safe havens after inflation data

Higher demand for safe havens after inflation data

The shock from higher-than-expected inflation data sparks higher demand for safe havens as gold's low/high range was +2.91%.
Talks among Ukraine and Russia ease the price of yellow metal

Talks among Ukraine and Russia ease the price of yellow metal

Continuous talks among Ukraine and Russia brought revert move on yellow safe haven asset, when it plunged by more than 3.5%.