Mining News

Ukraine war boosting gold as a safe-haven asset

The Russian invasion of Ukraine is another event in recent years that has sparked an uptick in demand for gold as a safe-haven asset, as investors adopt a risk-off sentiment in uncertain times.

Research agency Fitch Solutions Country Risk & Industry Research has revised upwards its gold price forest for this year from between $1 650/oz and $1 700/oz to between $1 800/oz and $1 900/oz.

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