Gold Dips From 8-Month High – 15 February, 2022

Gold’s 8 month peak was short lived as the precious metal fell from its previous session as signs of de-escalation between Russia and Ukraine diminished the appeal of safe havens. Spot gold fell 0.1% to $1,850.91 per ounce, while U.S. gold futures was down 0.2% to $1,852.40. Gold had reached its highest since June earlier in the week before giving up those gains as news of easing Ukraine-Russia tensions eased.