Gold Rises, Stocks Slide as Russia-Ukraine Conflict Escalates

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Investors have shifted toward traditional safe-haven assets like gold and Treasury bonds in the wake of recent uncertainty over the Ukraine-Russia conflict.

Wall Street opened lower Tuesday while escalating tensions in the Russia-Ukraine war prompted investors to shift toward traditional safe-haven assets including gold and Treasury bonds.The S & P 500 fell 0.5 percent in early trading, with the Dow Jones Industrial Average dropping 319 points, or 0.7 percent. The Nasdaq composite also slid 0.5 percent.Gold, a traditional refuge during geopolitical uncertainty, rose 0.5 percent, clawing back some of its recent losses.U.S.

4 percent after the retail giant exceeded expectations for both profit and revenue, citing strong sales across online and in-store categories.Walmart also reported attracting higher-income shoppers and raised its annual forecasts.Despite similarly strong results, Lowe's saw its stock dip 3.5 percent, highlighting the market's cautious sentiment.Meanwhile, a report showed that new home construction in the U.S.

 

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