Gold soars on Russia-Ukraine fears, lower dollar; Goldman reiterates $3,000 gold forecast

seekingalpha

2024-11-19

monsitj/iStock via Getty Images

Gold futures surged Monday to top $2,600/oz, snapping a six-session losing streak, as renewed uncertainty over the Russia-Ukraine conflict sparked a resurgence of safe-haven demand.

The Biden administration authorized Ukraine to strike deeper into Russia with U.S.-supplied missiles, although critics said

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Goldman reiterates $3,000 gold forecast","media":"seekingalpha","content":"<html><body><figure> <picture> <img height=\"4500px\" sizes=\"(max-width: 768px) calc(100vw - 36px), (max-width: 1024px) calc(100vw - 132px), (max-width: 1200px) calc(66.6vw - 72px), 600px\" src=\"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1264928464/image_1264928464.jpg?io=getty-c-w750\" srcset=\"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1264928464/image_1264928464.jpg?io=getty-c-w1536 1536w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1264928464/image_1264928464.jpg?io=getty-c-w1280 1280w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1264928464/image_1264928464.jpg?io=getty-c-w1080 1080w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1264928464/image_1264928464.jpg?io=getty-c-w750 750w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1264928464/image_1264928464.jpg?io=getty-c-w640 640w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1264928464/image_1264928464.jpg?io=getty-c-w480 480w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1264928464/image_1264928464.jpg?io=getty-c-w320 320w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1264928464/image_1264928464.jpg?io=getty-c-w240 240w\" width=\"5760px\"/> </picture> <figcaption><p>monsitj/iStock via Getty Images</p></figcaption> </figure><p>Gold futures surged Monday to top $2,600/oz, snapping a six-session losing streak, as renewed uncertainty over the Russia-Ukraine conflict sparked a resurgence of safe-haven demand.</p> <div></div><p>The Biden administration authorized Ukraine to strike deeper into Russia with U.S.-supplied missiles, although critics said</p></body></html>","source":"seekingalpha_trending_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta content=\"text/html; 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