International gold prices fell during the day on Thursday, but will rise more than 5 per cent in the quarter since September 2020, as the conflict between Russia and Ukraine boosted safe-haven demand for gold. The price of gold still looks up to 1958 US dollars in the future.
14:56 Beijing time, spot gold fell 0.32% to $1926.00 / oz; COMEX gold contract fell 0.43% to $1930.6 / oz; and the dollar index fell 0.4% to 97.785.
Ukrainian President Zelansky said Thursday that Ukrainian troops are preparing for a new Russian attack on the ground as Moscow rallies troops in eastern Ukraine after a setback near the capital, Kiev.
Russia's chief negotiator, Mezinsky, said on Wednesday (March 30) that Ukraine had expressed its willingness to meet Russia's core demands, but Russia's position on the Donbass region and annexed Crimea had not changed.
Germany, Europe's largest economy and one of the countries most dependent on Russian energy, will be hit hardest, with the government's council of economic advisers on Wednesday more than halving its growth forecast for this year to 1.8%.
A senior US administration official said India's massive increase in oil imports from Russia could expose India to a "huge risk" and that the US was preparing to tighten sanctions against Russia.
