Globally, gold price slipped 0.4 per cent to $1,934.62 per ounce. US gold futures, indicative of future price movements, fell 0.4 per cent to $1,935.00.
“The Ukraine situation isn’t as intense as it was, so the anxiety isn’t really there to drive gold up as a safe-haven,” said Matt Simpson, a senior market analyst at City Index. Russian troops appeared to stall in their advance on Ukrainian cities as the war entered its fourth week.
The US dollar firmed, pressuring greenback-priced bullion, while stock markets took a breather after several days of sizeable gains.
Struggling to sell one multi-million dollar home currently on the market won’t stop actress and singer Jennifer Lopez from expanding her property collection. Lopez has reportedly added to her real estate holdings an eight-plus acre estate in Bel-Air anchored by a multi-level mansion. The property, complete with a 30-seat screening room, a 100-seat amphitheater and a swimming pond with sandy beach and outdoor shower, was asking about $40 million, but J. Lo managed to make it hers for $28 illion. As the Bronx native acquires a new home in California, she is trying to sell a gated compound.