Gold Price Pushes Above $1,900 as Ukraine Crisis Spurs Haven Demand
- U.S. says Blinken set to meet Russia’s Lavrov next week
- Citigroup raises near-term bullion forecast to $1,950 an ounce
This article is for subscribers only.
Gold was little changed near an eight-month high as traders assessed heightened tensions over Ukraine ahead of an expected meeting next week between Russia and the U.S.
The U.S. said Russia has massed as many as 190,000 personnel – including troops, National Guard units and Russian-backed separatists – in and around Ukraine in what it called the most significant military mobilization since World War II. Russia has repeatedly denied it plans to attack. U.S. Secretary of State Antony Blinken and Russia Foreign Minister Sergei Lavrov have agreed to talk.