Quick access to main page (top) Direct access to main contents Quick access to main page (bottom)

Gold Rallies to $2631 as Russia’s Nuclear Policy Stirs Market Unrest

Daniel Kim Views  

A 500g gold bar on display in Warsaw, Poland. / AP Newsis
A 500g gold bar on display in Warsaw, Poland. / AP Newsis

International gold prices climbed on Tuesday as geopolitical tensions intensified following Russia’s decision to lower its restrictions on nuclear weapon use.

The price of gold for December settled at $2631.00 per ounce, up $16.40 (0.6%) from the previous session on the New York Mercantile Exchange (NYMEX).

The price continued to rise from the previous day, breaking a seven-day losing streak.

Russia has amended its nuclear doctrine, now allowing for the use of nuclear weapons against non-nuclear states backed by nuclear powers. This move comes in response to the U.S. permitting the use of its long-range weapons against targets within Russian territory. As a result, investors have shifted their focus to safe-haven assets like gold.

The appeal of gold has been amplified by ongoing geopolitical tensions, prevailing low interest rates, and the economic uncertainties surrounding Donald Trump’s inauguration as the forty-seventh U.S. President.

Investors await the Federal Reserve’s upcoming interest rate decision next month. Market expectations currently indicate a 62% probability of a 0.25% point cut in the benchmark rate in December. With several Fed officials slated to speak this week, market participants hope to gain insights into the future trajectory of interest rates.

Daniel Kim
content@viewusglobal.com

Comments0

300

Comments0

[BUSINESS] Latest Stories

  • Honda to Start Making Old Parts Again — Starting with the NSX
  • Honda's NSX Returns: A 1,000-Horsepower Electric Rival to Lexus LFR
  • Honda’s S7 Electric SUV: A Major Player in the Race for EV Dominance
  • Lamborghini's First EV: A 2,000-Horsepower Beast Built for Speed and Emotion
  • Ford Revives Classic Design with the 2025 Bronco Heritage Edition
  • ID.EVERY1: Volkswagen's $21K Electric Vehicle Aims to Make Green Driving Accessible

You May Also Like

  • 1
    Arrest warrants issued for 48 suspects brought from Cambodia

    LATEST 

  • 2
    S. Korea's exports down 7.8% in first 20 days of Oct.

    LATEST 

  • 3
    S. Korean man found dead in Cambodia: foreign ministry

    LATEST 

  • 4
    Remains of late S. Korean student tortured to death in Cambodia arrive home

    LATEST 

  • 5
    Trump expects 'fantastic' trade deal with China, notes 'fair' deals with S. Korea, Japan, EU

    LATEST 

Popular Now

  • 1
    N. Korea slams Japan politicians for visit to war shrine, ritual offerings

    LATEST 

  • 2
    Chilly like late fall, but trees are still green. What's going on?

    LATEST 

  • 3
    [James Stavridis] The Gaza peace plan will fail without US troops

    LATEST 

Must-Reads

  • 1
    Arrest warrants issued for 48 suspects brought from Cambodia

    LATEST 

  • 2
    S. Korea's exports down 7.8% in first 20 days of Oct.

    LATEST 

  • 3
    S. Korean man found dead in Cambodia: foreign ministry

    LATEST 

  • 4
    Remains of late S. Korean student tortured to death in Cambodia arrive home

    LATEST 

  • 5
    Trump expects 'fantastic' trade deal with China, notes 'fair' deals with S. Korea, Japan, EU

    LATEST 

Popular Now

  • 1
    N. Korea slams Japan politicians for visit to war shrine, ritual offerings

    LATEST 

  • 2
    Chilly like late fall, but trees are still green. What's going on?

    LATEST 

  • 3
    [James Stavridis] The Gaza peace plan will fail without US troops

    LATEST 

Share it on...