Gold prices set to rise to $2,000 again on Russia-Ukraine war situation

According to a report on March 27, the situation of the Russian-Ukrainian war is still highly tense, and the two sides have been unable to reach an agreement on a ceasefire, which may make gold prices continue to challenge the $2,000 an ounce price. Vijay Valecha, chief investment officer at Century Financial, said gold's fairly strong performance despite U.S. bond rates hitting a more than two-year high shows investors view gold as inflationary. Continue to invest in safe-haven assets. The Swissquote Bank report believes that rising tensions between Russia and Ukraine and increasing market uncertainty may drive gold prices to $ 2,000 an ounce.