Gold Prices Surge Amid US-Russia Tensions and Market Volatility

Gold and natural gas prices surged as geopolitical tensions between the US and Russia escalated, following reports that President Biden authorized Ukraine to use American missiles against Russia. This policy shift has increased market volatility, with European equities declining and energy prices rising due to fears of supply disruptions. The situation is further complicated by North Korean troops aiding Russia and Gazprom halting gas supplies to Austria, raising concerns about energy shortages in Europe.