Ukraine tension as Russia responds with Ballistic Missile

This week, we’ve seen Ukraine and Russia conflict step up with both sides now firing mid-long range missiles into each others territory. The most recent missile launch from Russia was described as ‘nuclear capable’, designed to clearly show Ukraine that Russia will retaliate with equal or stronger force. This week’s missile launches are resultant from the UK and US lifting restrictions on firing into Russian territory. Restrictions were in place to minimise retaliatory conflict on a larger scale. Discussions around nuclear weapon use is also now coming to the fore. 

Gold has steadily crept up following this news from Ukraine. As more news unfolds from the region, we’d expect both gold and silver to to rise as investors move to risk-off assets.

 Enjoy today’s forecasts. 

Gold daily chart, with 200MDA

Silver daily chart, with 200MDA

US500, with 200MDA

ASX200, with 200MDA