* Our Parent Company Crypto Token is LIVE!!! *Flag Token

Gold challenges record high but declines after hitting a high of $2078.80

Date:

Share post:

Today gold spiked with a massive gain of $82, taking gold futures within $10 of the record high at $2088, which occurred in August 2020. Just as quickly as gold rose dramatically higher profit-taking and a recovery of U.S. equities resulted in gold trading off of the highs giving up over half of the gains from the intraday high. New York’s trading session just ended, and as of 1:30 PM EST, April futures are currently fixed at $2050, a net increase of $55 on the day.


We are witnessing extremely fast market conditions and it will be interesting to see how gold trades after the half-hour break, at which time (2:00 PM EST) Globex trading will begin remaining open until 8:00 AM EST.


Gold’s massive gains today are a continuation of investors’ flight to safety, incorporating gold as the go-to safe-haven asset. Today’s gains occurred with moderate tailwinds from dollar weakness which added to the dynamic gain.


Geopolitical tensions continue to grow as the Russian invasion of Ukraine continues to escalate. The Russian army is now disrupting routes…

Read more…

Related articles

Revolutionizing Inter-Blockchain Communication – Benzinga

Revolutionizing Inter-Blockchain Communication  Benzinga Read more...

Hermès Wins Trademark Lawsuit Against MetaBirkins NFTs, Setting Powerful Precedent for NFT Creators

David Leichtman, Leichtman Law managing partner, told CoinDesk TV on Tuesday that the case wasn’t necessarily about Mason...

UK blockchain carbon offset platform raises $45M in seed funding

According to a press release published on Feb. 8, blockchain carbon credit transaction network Carbonplace has secured $45...

The war among blockchains should stop to speed up adoption – Cointelegraph

The war among blockchains should stop to speed up adoption  Cointelegraph Read more...