Gold is somewhat stuck at the $1,900 level and that might persist until global growth concerns intensify
Gold held a gain as traders weighed the impact of sanctions against Russia with Moscow’s countermeasures in the wake of the invasion of Ukraine, which has boosted demand for haven assets.
Russia’s markets remain under huge pressure after the U.S. and its allies moved to block the central bank’s access to its foreign reserves and cut some lenders off from the SWIFT messaging system for global banking. President Vladimir Putin unveiled his own countermeasures by banning residents from transferring hard currency abroad.
