Gold, USD, US Treasuries, S&P 500 and Crude Oil Update:
Russia Invades Ukraine from Multiple Sides
If you are waking up in the US this morning, you may be in for a shock as global financial markets react to the invasion of Ukraine as multiple reports of conflict emerge. Thus far the Russian assault has largely been targeted at Ukrainian military infrastructure.
Reports Emerging on the Conflict Thus Far:
- US Envoy: We’re witnessing the Russians block airspace, send soldiers into Donbas, and shift forces into combat-ready positions
- Ukrainian military: Five Russian planes and one Russian helicopter shot down in Luhansk region
- EU’s foreign minister: The EU will adopt the harshest package of sanctions ever implemented
- TASS Russian News Agency: In the Sea of Azov, two Russian civilian cargo ships were struck by a Ukrainian missile strike, with injuries reported
- Witnesses report seeing black smoke rising over the Defence Ministry Intelligence Headquarters in central Kiev
- Ukraine’s Border Officials: Russian helicopters are attacking Gostomel, a military airport near Kiev
- NATO Sec. Gen. Stoltenberg: NATO will deploy capabilities and forces including NATO response force
- Ukraine: Russian forces enter Kyiv region near Belarus border
Key Global Market Response to the Invasion
To view the full coverage for each of the below markets, as it happened, click on their respective links
Gold has been in the spotlight for a number of days already, steadily rising as threats of an ‘imminent invasion’ accelerated. The safe-haven asset shot up despite a simultaneous surge in the US dollar and remains elevated as the situation in Ukraine unfolds.
Gold Daily Chart
Source: IG,
