Russia Starts Attacking Ukraine, World Gold Price Approaches 2,000 US Dollars

The world gold price continued to strengthen and was getting closer to the level of 2,000 US dollars per troy ounce on Thursday (24/2/2022) afternoon, after Russia declared war and sent an attack on Ukraine.

Reporting from Bloomberg, the price of gold in the spot market at 14.00 WIB rose 1.75 percent to a level of 1,942.3 US dollars per troy ounce, and was getting to the highest level since January 2021.

Strengthening also occurred in the Comex gold futures contract for April 2022, which increased 1.78 percent to a level of 1,944.4 US dollars per troy ounce.

As is known, the price of gold has recently continued to increase in line with the heating up of the conflict between Russia and Ukraine.

In fact, Russian President Vladimir Putin has officially declared war on Ukraine, according to a report from the New York Post. Russia has carried out a special military operation to demilitarize Ukraine.

Putin has sent military troops to eastern Ukraine, after he signed a decree recognizing the independence of two regions in eastern Ukraine, Luhansk and Donetsk, which Russia has long supported .

These conditions eventually made Ukraine declare a state of national emergency and ask its citizens in Russia to flee.

While the United States (US) and its allies will impose new sanctions against Russia because of Putin's decision.

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