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Reuters
Gold prices hit 1-month high as Ukraine crisis dampens risk appetite
Gold prices rose on Monday to their highest since mid-March, as the Russia-Ukraine crisis soured risk sentiment and drove investors to the safety of bullion. Spot gold was up 0.5% at $1,984.51 per ounce, as of 0445 GMT, hitting its highest since March 14. Seems like there is a bit of risk aversion in the market, with some overhang from the Russia-Ukraine situation, said Ilya Spivak, a currency strategist at DailyFX, while cautioning thin liquidity could possibly exaggerate price action.
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