Geopolitical Risk and Ukraine Worries Shake Equities, Cryptocurrencies — Gold Soars Higher
On Wednesday, global markets have been volatile as Ukraine officials declared a state of emergency amid fears of a Russian invasion. Wall Street’s top indexes shuddered during the day’s trading sessions, and cryptocurrency markets slipped more than 4% during the 24 hour period. On the other hand, the price of gold has jumped 1.47% during the last four days, surging to $1,925 per ounce. Global Investors Are Concerned About the relations Between Russia and Ukraine, Wall Street Continues to See Sell-Offs While the globe grows tense over the ongoing issues between Russia and Ukraine, stock markets on Wednesday continued to bleed out more money. According to the U.S. State Department, Russia is not backing down and Ukraine officials have declared a state of emergency. Speaking to the press, Pentagon spokesperson John Kirby said the Russian military is ready to advance. “Russian forces continue to assemble closer to the border and put themselves in an advanced stage of readiness to act...