Gold closed up $14.7, gaining momentum to buy safe-haven assets : InfoQuest

New York gold futures ended positive on Thursday (April 7) as investors bought gold as a safe haven asset. Amid concerns regarding the Russian and Ukrainian crises

  • COMEX (Commodity Exchange) gold contracts for delivery in June It was up $14.7, or 0.76%, at $1,937.8/ounce. This is the highest closing level since March 31, 2022.
  • Silver metal contract for delivery in May It was up 27.7 cents, or 1.13%, at $24.735 an ounce.
  • Platinum contract delivered in July It was up $4.9, or 0.51%, at $958 an ounce.
  • Palladium contract delivered in June It rose $38.40, or 1.8%, to close at $2,223.10 an ounce.

Investors are buying gold as a safe haven asset. After the peace talks between Russia and Ukraine continued to progress. As the battle entered the second month

The latest report states that The United Nations General Assembly (UNGA) has voted to remove Russia from its membership of the Human Rights Council. It was in response to Russia’s military invasion of Ukraine, a “serious and systematic violation of human rights”.

The G20 finance ministers and central bank governors, who will attend the April 20 meeting on April 20, are also reported to have decided not to issue joint statements following the meeting. Due to the controversy over the invitation of Russia to the meeting

Indonesia will host the G20 meeting online. It was expected to invite Russian representatives to the meeting. may decide to withdraw from attending this meeting

By InfoQuest News Agency (08 Apr 65)

Tags: COMEX, lifestyle, gold, new york gold, gold price

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