Gold Price Forecast: XAU/USD bulls come up for air above $2,000 as Ukraine crisis drives sentiment By ross_burland Gold Commodities DollarIndex ECB Ukraine
Global stagflation concerns are mounting, with fears of a recession in a commodity boom. The gold price was firming on Thursday as equity markets retraced some of Wednesday’s optimism as the Ukraine-Russia talks failed to deliver progress on a ceasefire.
A gold rush to safe-haven assets earlier this week had pushed the yellow metal near the record levels hit in August 2020, however, they collapsed as profit-taking ensued with very little substance to the flip in risk sentiment. "The alliance is afraid of controversial things, and confrontation with Russia," the president added.
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