The high level of the US dollar Index put downward pressure on gold prices.
On the eve of the NATO summit, Russia launched a major offensive against several locations in Ukraine, including the capital, Kyiv. Russia appears to be simultaneously pressuring Ukraine while challenging NATO’s arms support for its ally. NATO Secretary General Rutte stated that as an ally, it is difficult to supply Ukraine with an unlimited quantity of missile defense systems, but NATO will strive to produce more of the air defense systems requested by Ukraine through various means. The continued protracted… … »The high level of the US dollar Index put downward pressure on gold prices.