The Miami Entrepreneur

Gold prices settle lower as ‘initial shock’ of Russian invasion wears off

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Gold futures settled lower on Monday, with prices down a second straight session to their lowest finish since March 3. “It looks like precious metals, as well as other commodities, have got past their initial shock at Russia’s invasion,” Adrian Ash, director of research at BullionVault, told MarketWatch. The rally in most Western stock markets agrees that despite the “horror of Putin’s campaign, this isn’t [World War 3]. Not yet.” April gold fell $24.20, or 1.2%, to settle at $1,960.80 an ounce.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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