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Major news from Russia and Ukraine ignites safe-haven demand! Gold prices soar nearly 17 dollars. How to trade Gold? Technical strategist analysis of gold prices.
On Thursday, driven by safe-haven demand, spot Gold prices rose significantly. However, trading was light after the Christmas holiday. Daniel Pavilonis, a senior market strategist at RJO Futures, stated: "The rise in Gold is partly due to the situation between Russia and Ukraine, as Russia attacked Ukraine's Electrical Utilities."
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On December 26th ET, $SPDR Gold ETF(GLD.US)$ had active options trading, with a total trading volume of 120.66K options for the day, of which put options accounted for 39.52% of the total
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FX168 Financial News Agency (Asia-Pacific) reported that on Thursday (December 26), with trading volume thin due to the holiday, Gold rose, mainly supported by safe-haven demand from geopolitical tensions.