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Gold sees some safe-haven buying as geopolitics comes into play

From kitco.com

Gold prices are firmer in midday U.S. trading Tuesday, on some mild safe-haven demand on news a major dam and power station in Ukraine was blown up, causing major flooding in the region and raising concerns about crops and food being destroyed by flooding. Most agree the situation is a significant escalation in the Russia-Ukraine war. August gold was last up $5.10 at $1,979.40 and July silver was down $0.02 at $23.61. The Russians are blaming Ukraine for the destruction of the dam, which is in Russian-controlled territory in Ukraine. The Ukrainians said the Russians are responsible. The largest nuclear power plant in ... (full story)

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  • Category: Fundamental Analysis