Gold tracks long-term peace hopes
Thus, while the euro might benefit from the medium-term prospect of peace on the continent and the lifting of at least some of the sanctions against Russia, a simultaneous rally in gold would reflect unease among some investors about Trump’s abandonment of America’s NATO friends in favour of a more isolationist stance, but one that includes better ties with Russia.
For now, although markets will be watching the developments very carefully, any moves are likely to be limited until the gap between Ukraine/EU and Russia/US has narrowed.
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Publish date : 2025-02-20 01:01:00
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