PRESS ROOM
Gold breaches $1900/oz for the first time since June last year
Friday 25th February '22
Geopolitics have had an impact on several commodities in recent weeks. Gold, unlike other commodities like oil, natural gas, nickel, and wheat that are face a risk of supply shortages, has been buoyed by its defensive characteristics. Gold has historically been used by investors as a hedge against elevated macro risks such as geopolitical tensions or economic uncertainty. With ongoing tensions between Russia and Ukraine, gold has breached the $1900/oz for the first time since the middle of last year.