Spot gold jumped as much as 2% higher on Thursday as Russian forces attacked Ukraine on the orders of President Vladimir Putin.
At 8:20 a.m. in London, gold was trading at $1,942.10 per ounce, up 1.88% on the previous day and the highest since late 2020, as investors piled into safe haven assets and equity markets globally tumbles into the red.
Oil and soft commodity prices are sharply higher. International benchmark Brent crude surpassed $100 for the first time since 2014. At 8:20 a.m. in London, gold was trading at $1,942.10 per ounce, up 1.88% on the previous day and the highest since late 2020, as investors piled into safe haven assets and equity markets globally tumbles into the red. Oil and soft commodity prices are sharply higher. International benchmarkThe price of gold is up about 8% in February thus far, on course for its biggest monthly gain since July 2020. U.S.
Putin declared what he called a"special military operation" early Thursday morning, just two days after sending troops into Ukraine's eastern breakaway regions in Donetsk and Luhansk. The latest news follows months of Russian military buildup near Ukraine's borders with troop numbers counting as many as 150,000., and specific reports from the country are difficult to confirm. Ukrainian Foreign Minister Dmytro Kuleba reported just after 7 a.m.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Russia-Ukraine Live Updates: Ukraine says U.S. promised defense weaponsPresident Joe Biden announced a new round of sanctions against Russia Tuesday. Follow Newsweek's liveblog for the latest.
Read more »
Russia-Ukraine Live Updates: Canadian 'military aid' arrives in UkrainePresident Joe Biden announced a new round of sanctions against Russia Tuesday. Follow Newsweek's liveblog for the latest.
Read more »
Ukraine-Russia live updates: Troops enter Ukraine from Belarus, reports sayLIVE UPDATES: CNN and the BBC are reporting that Russian troops have entered Ukraine from neighboring Belarus.
Read more »
Russia-Ukraine updates: Putin announces military operation in UkraineRussian President Vladimir Putin announced early Thursday local time that military operations had begun in Ukraine, kicking off a long-feared attack on their European neighbor. LIVE UPDATES:
Read more »
Russia-Ukraine: What to know as explosions boom over UkraineHere are the things to know about the conflict over Ukraine and the security crisis in Eastern Europe.
Read more »
Russia-Ukraine Live Updates: Putin announces military operation in UkraineThe U.S. announced a new round of sanctions against Russia Tuesday as Russia evacuates its embassy in Kyiv and Ukraine declares a state of emergency.
Read more »