On February 24th, with the worsening of tensions between Russia and Ukraine, gold underwent a turnaround, breaking through $ 1850 \/ oz. From here a real rally was triggered, which took him in just over $ 1900. Yesterday, the price of gold broke through the key resistance at $ 2,000, aiming for the all-time high reached for the first time in August 2020 during the pandemic.<\/p>\n
The invasion of Ukraine would have been part of an already complex scenario: the global economic recovery, which in 2021 was faster than expected, has increased the demand for raw materials and semi-finished products. However, demand is not matched by adequate growth in supply due to the turmoil in the global value chain caused by slowdowns and restrictions. This led to a marked increase in prices, which reached record values \u200b\u200bwith the escalation of the conflict.<\/p>\n
Oil and gas: the effects of sanctions.<\/p>\n
Both quotations had exceeded $ 100 last Thursday 3 March, after the invasion by Russia. These then subsided the following day, when US measures initially excluded sanctions against the Russian energy system: initially, the interruption of the offer seemed to be excluded.<\/p>\n
With the adoption of sanctions against Russia, however, the pressures on Oil and Gas have increased and so have prices, which have become higher and higher.<\/p>\n
Specifically, European natural gas leapt after another round of measures against Russia fueled concerns over energy shortages. The decision to exclude Russian banks from the swift interbank messaging system would have – according to John Kilduff, partner of Again Capital – increased the difficulties in selling Russian oil at this time.<\/p>\n
Gold and volatility<\/p>\n
At 08.50 am today 10\/03 the yellow metal is quoted at $ 1980. The current volatility – generated by the current geopolitical context – has led gold to slide below the $ 2,000 conquered. According to analysts, this would in any case not exclude a price hike over the week if the peace agreements fail.<\/p>\n
<\/p>\n
Sources:<\/p>\n
money.it<\/p>\n
Fxempire.it<\/p>\n
Investing.com<\/p>\n
Repubblica.it<\/p>\n","protected":false},"excerpt":{"rendered":"
On February 24th, with the worsening of tensions between Russia and Ukraine, gold underwent a turnaround, breaking through $ 1850 \/ oz. From here a real rally was triggered, which took him in just over $ 1900. Yesterday, the price of gold broke through the key resistance at $ 2,000, aiming for the all-time high […]<\/p>\n","protected":false},"author":1,"featured_media":2786,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[33],"tags":[],"class_list":["post-3576","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gold-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.italpreziosi.it\/en\/wp-json\/wp\/v2\/posts\/3576","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.italpreziosi.it\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.italpreziosi.it\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.italpreziosi.it\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.italpreziosi.it\/en\/wp-json\/wp\/v2\/comments?post=3576"}],"version-history":[{"count":2,"href":"https:\/\/www.italpreziosi.it\/en\/wp-json\/wp\/v2\/posts\/3576\/revisions"}],"predecessor-version":[{"id":4556,"href":"https:\/\/www.italpreziosi.it\/en\/wp-json\/wp\/v2\/posts\/3576\/revisions\/4556"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.italpreziosi.it\/en\/wp-json\/wp\/v2\/media\/2786"}],"wp:attachment":[{"href":"https:\/\/www.italpreziosi.it\/en\/wp-json\/wp\/v2\/media?parent=3576"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.italpreziosi.it\/en\/wp-json\/wp\/v2\/categories?post=3576"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.italpreziosi.it\/en\/wp-json\/wp\/v2\/tags?post=3576"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}