No wonder commodities have been affected a lot by this Russia Ukraine war especially Gold and crude oil. All over the world we can see the impact of this war. Gold is considered a good hedge against inflation, increasing U.S. interest rates boost the opportunity cost of holding non-yielding bullion. Investors also reduced bullion holdings as Ukraine and Russia were set for their first peace talks.April delivery gold futures last traded at US$1,920.80 per ounce, down 0.95% as of Tuesday at 5:33 PM AEDT. The prices are up 10.54% in the last one year.
