Gold Prices Skyrocket amid Ukraine Tensions
2/21/2022- 9:34
Gold Prices Skyrocket amid Ukraine Tensions
Gold prices hit their highest level in over eight months as investors rushed to the precious metal as a safe haven amid escalating tensions in Ukraine.
The price of gold hit $1,979 per ounce late last week climbing to its highest level since June 11, 2021, according to official figures.
“Investors are looking for a geopolitical hedge,” top investment strategist at John Hancock Investment Management told the Wall Street Journal.
“The stars are aligning in essence for a gold breakout.”
