Russia attacks Ukraine, the world gold price is getting closer to 2,000 US dollars

JAKARTAKOMPAS.com – Gold price The world continues to strengthen and is 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.

Reported from Bloomberg, gold price on the spot market at 14.00 WIB, it rose 1.75 percent to the level of 1,942.3 US dollars per year troy ounceand getting to the highest level since January 2021.

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

Also read: Putin admits the independence of eastern Ukraine, the world gold price immediately rises to the level of 1,900 US dollars

Russia’s attempt to demilitarize Ukraine

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.

Also read: World Gold Prices Rise As Tensions Heat In 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.

Also read: Antam’s Gold Price Today Soared to IDR 5,000 per Gram

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