The metal gains more than 3%, while palladium leads precious metals rally, as the fear of a war in Europe sends investors in search of safe havens
Investors fear sustained squeeze as Western sanctions on Russia are likely to remove further supply in an already tight market
Markets reacted predictably, with Europe’s main stock markets opening lower and benchmark government bonds and gold rallying
The SA currency, often a barometer of sentiment towards emerging market, is still relatively resilient as the Russian rouble plunges 7%
JSE-listed gold shares are expected to steady bourse as Ukraine conflict rattles global markets
The safe-haven asset could hit all-time highs in the weeks ahead, says analyst
Dollar, oil and gold prices soar amid reports of missile strikes in Kyiv
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Russia’s military operations in Ukraine have sparked concern over global energy supplies
Budget provides the local currency with initial support, but sustained tensions in eastern Europe hold sway
The local bourse stronger as investors await developments in the Russia-Ukraine conflict, while local focus will be on the budget speech
White House defends measured approach after Putin recognises breakaway territories in Ukraine
Mudiwa Gavaza is joined by David Shapiro, Sasfin’s chief global equity strategist
Investors’ main concern is the implications for company earnings from Russia flexing its muscles in Ukraine
Metal is steady as investors focus on accelerating inflation and expected tightening of monetary policies by central banks
Prices take a breather after reaching seven-year highs in the previous session as it becomes clear first wave of sanctions will not disrupt supply
Global markets are fixated on Ukraine, where the prospect of an escalation in conflict with Russia threatens to fuel further volatility
Global events dominant markets a day before finance minister Enoch Godongwana is due to unveil his maiden budget
US president Joe Biden to give an update on Washington’s response to Russian President Vladimir Putin being granted sweeping powers to deploy troops abroad
