Gold Stabilizes After Spike – 24 February, 2022

Gold prices rose as much as 3% before settling lower as investors reassessed the fallout of the Ukraine crisis and fresh sanctions imposed by the West against Russia. Spot gold was up 0.5% $1,912.61 per ounce, having hit its highest since September 202 at $1,973.96. U.S. gold futures shed 0.7% to $1,913.30. After a volatile overnight U.S. trading session, gold stabilized to more normal levels with investors buying the dips.