Gold prices hit a one-month high on Monday after they jumped more than 1% as the war in Ukraine revs on. Several top-flight investors have weighed in on the crisis, warning that it could worsen inflation, plunge our economy into recession, and even transform the world order. You can read other thoughts in the Business Insider article below. In case you missed it, market expert Fred Lane said the yellow metal is an “important” safe haven that investors should consider. “One of the assets that we think is important to consider, frankly, is gold,” Lane said on Fox’s “Mornings with Maria.” “Not only gold as an asset, but also the gold streamers and the gold miners.”
Reuters via CNBC
Gold climbs to 1-month high as Ukraine crisis drags on
Gold prices jumped about 1% to a more than one-month high on Monday as concerns over the economic fallout from the Russia-Ukraine war and surging inflation drove investors to the safe-haven asset.
Spot gold was trading at $1,993.28 per ounce as of 0947 GMT, its highest level since March 11. U.S. gold futures jumped 1.2% to $1,997.70 per ounce.
“Bullion’s upward momentum is set to continue as long as markets are fed with a steady stream of negative headlines pertaining to a darkening global outlook,” said Han Tan, chief market analyst at Exinity.
Read the full story, here.
Business Insider/Theron Mohamed
Jeremy Grantham, Ray Dalio, and other elite investors are pounding the alarm on the Russia-Ukraine crisis. Here’s what 10 of them have said about the conflict.
Russia’s invasion of Ukraine continues to rattle financial markets and disrupt the global economy. Several top-flight investors have weighed in on the crisis, warning it could worsen inflation, plunge the US economy into recession, and even transform the world order.
The likes of Ray Dalio, Jeremy Grantham, Carl Icahn, and Cathie Wood have discussed the potential impacts of the crisis. Others, such as Warren Buffett and Charlie Munger, commented during Russia’s last invasion of Ukraine, and explained how they invest during periods of upheaval.
Fox Business/Talia Kaplan
Gold ‘important’ safe haven to consider: Market expert
Lane Generational managing partner and founder Fred Lane stressed the need to invest in “real assets” on Tuesday, arguing that that gold is “important” to consider as the commodity is a safe haven.
Lane made the argument on “Mornings with Maria” on Tuesday ahead of the release of the highly anticipated consumer price index, which provided a fresh look at just how hot inflation ran in March.
“One of the assets that we think is important to consider, frankly, is gold,” Lane told host Maria Bartiromo. “Not only gold as an asset, but also the gold streamers and the gold miners.”
Continue reading, here.