Gold Price Forecast: XAU/USD seeks clarity on of Russian military action to surpass 2022 highs, $1,917 eyed By Sagar_Dua24 Gold XAUUSD DollarIndex RiskAversion Technical Analysis
raine at 4 am local time. As the clouds over the rumour get cleared, the investors may find a legitimate reason to initiate positions further in the precious metal.
The US Secretary of State Antony John Blinken said that he believes that Russia will invade Ukraine before the night is over, as reported by NBC. The headlines had spurted the volatility in the market and the risk-aversion theme got more traction. The safe-haven assets got underpinned against the risk-perceived assets.
Earlier, the Russian administration unanswered the phone call requests from Ukraine, which strengthened the odds of an imminent war between Russia and Ukraine. It indicated that Russia is in no mood to make a truce with Ukraine and wanted war as a last resort. Then, Ukraine Foreign Minister Dmtryo Kuleba had requested an emergency meeting of the United Nations Security Council to reach a positive outcome against the ongoing tensions with Moscow.
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