Spot gold jumped as much as 2% higher on Thursday as Russian forces attacked Ukraine on the orders of President Vladimir Putin.
At 8:20 a.m. in London, gold was trading at $1,942.10 per ounce, up 1.88% on the previous day and the highest since late 2020, as investors piled into safe haven assets and equity markets globally tumbles into the red.
Oil and soft commodity prices are sharply higher. International benchmark Brent crude surpassed $100 for the first time since 2014. At 8:20 a.m. in London, gold was trading at $1,942.10 per ounce, up 1.88% on the previous day and the highest since late 2020, as investors piled into safe haven assets and equity markets globally tumbles into the red. Oil and soft commodity prices are sharply higher. International benchmarkThe price of gold is up about 8% in February thus far, on course for its biggest monthly gain since July 2020. U.S.
Putin declared what he called a"special military operation" early Thursday morning, just two days after sending troops into Ukraine's eastern breakaway regions in Donetsk and Luhansk. The latest news follows months of Russian military buildup near Ukraine's borders with troop numbers counting as many as 150,000., and specific reports from the country are difficult to confirm. Ukrainian Foreign Minister Dmytro Kuleba reported just after 7 a.m.
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