Seeking Alpha/Van Eck/3-10-2022
“Historically, geopolitical turmoil has been a short-term driver of gold prices. Geopolitical drivers rarely last in the longer term for gold as the world adjusts to new realities. However, the Ukraine war is having a greater impact on the global economy and financial system than any regional conflict in recent memory. Gold is now consolidating its break-out gains above the $1,900 level.”
USAGOLD note: If you are among the group watching gold’s breakout and wondering what is driving it, this article from VanEck offers a solid summary – a helpful starting point for newcomers.
