Reported 1 day ago
Gold futures surged to a one-week high of approximately $2,630 per ounce as fears of nuclear escalation in the Russia-Ukraine war intensified. Following Russian President Putin's new nuclear doctrine and the U.S. allowing long-range missile use by Ukraine, investors turned to gold as a safe haven. Despite fluctuations impacted by the U.S. dollar, gold is up 27% year-to-date, outperforming the S&P 500, and analysts at Goldman Sachs suggest now is a prime time to invest in gold.
Source: YAHOO