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Bloomberg
Gold extended a decline amid a rebound in stock markets as investors remained on edge while assessing the impact of Russia’s invasion of Ukraine and Western sanctions.
European shares surged the most in two months on Friday as risk sentiment improved following a sharp sell-off. Bullion fell after surging to the highest in more than 17 months as traders digested a new round of sanctions on Russia following the country’s attack on Ukraine.
Gold is set to be little changed after a turbulent week. Spot gold declined 0.5% to $1,893.52 an ounce in London. Prices jumped to $1,974.34 on Thursday.