GOLD - Gold futures miners broadly higher on rising Russia-Ukraine tensions
Gold miners (GDX +1.4%) are among the stock market's limited winning groups, with gold futures gaining as rising fears of a Russian invasion of Ukraine prompt demand for safe-haven assets. Secretary of State Anthony Blinken said the U.S. is closing its embassy in the Ukrainian capital of Kyiv and relocating operations 340 miles west to Lviv near the Polish border; the embassy had said on Sunday that most of its diplomats had been ordered to leave Ukraine. "Further escalation of tensions are sure to keep gold well supported [but] any softening of the rhetoric on the Ukraine-Russia situation will surely put a bid back into equities," GoldCore's David Russell told MarketWatch. Comex gold for April delivery (XAUUSD:CUR) closed +1.5% at $1,869.40/oz., the highest settlement since November 17, while March silver (XAGUSD:CUR) settled +2.1% $23.848/oz. ETFs: GLD, IAU, NUGT, PHYS, SLV, SIL, SIVR, PSLV Among the major miners: GOLD +1.8%, NEM
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Gold futures, miners broadly higher on rising Russia-Ukraine tensions