Gold prices jumped at the settlement of trading, today, Thursday, to the highest level since last June, as a result of investors resorting to safe havens due to the global state of anxiety over the Russian-Ukrainian crisis..
Market sentiment deteriorated towards high-risk assets, following Ukrainian forces exchanged accusations with what they described as pro-Russian separatists regarding firing at the ceasefire line in eastern Ukraine..
Russia expelled the US deputy ambassador in Moscow, Bartel Gorman, while the United States and its allies stressed their readiness to impose severe sanctions on Russia in the event of an invasion of Ukraine..
The minutes of the Fed meeting showed that the central bank is ready to raise the interest rate soon, and the bank’s board intends to evaluate the timetable for raising the interest rate at each meeting..
And gold futures contracts for April delivery saw an increase of 1.6 percent to $1,902 an ounce at settlement, the highest level since last June..