Gold has enjoyed a safe haven status this year. Last year losses were mostly driven by lower safe haven demand as the geo political issues where short lived and for the most part in the periphery economies such as Turkey. This year the conflict in Ukraine has deep implications for Europe’s supply of energy. The metal reached the 1,372 price point on geopolitical turmoil recovering from earlier losses in the day after the positive US employment numbers decreased the bullish trend. Earlier today
Reported by FXstreet.com 1 hour ago.
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