How will gold react in the face of the geopolitical crisis? Here is what others are saying

Gold rallies as geopolitical risks soar

Gold prices rose in an almost uninterrupted fashion for most of February. Multiple factors contributed to the rally, including higher than expected inflation readings in the United States, with CPI now +7.5% on a yearly basis. A continued pullback in equity markets was also supportive. The main driver though was the build-up towards and subsequent invasion of the Ukraine by Russia.

We Are On The Face Of A Move That Is So Dramatic For Gold & Silver That It Erases Any Prior Bull Moves In Terms Of Dynamics And Percentages

With the price of gold approaching the $2,000 level, Michael Oliver, the man who is well known for his deadly accurate forecasts on stocks, bonds, and major markets, told King World News that “We are on the face of what could be for gold and silver a move in this year that is so dramatic that it erases any prior bull moves in terms of dynamics and percentages.

Gold’s Next Stop Should Be $2,680, But Look At These Other Surprises

As we don’t know what news we’re going to wake up to in Ukraine, the market tone now can be summed up by watching the prices of oil, wheat and European natural gas. This morning brent crude is up another 5% to over $110 (2/3/2022).

Will Russia Demand Payment For Nat Gas & Oil In Gold? Investors Pile Into Gold, Plus This Is On The Brink Of Major Upside Breakout

On the heels of Western sanctions, will Russia demand payment for natural gas and oil in gold? Meanwhile, investors are piling into gold and looking at what is on the brink of another major upside breakout.