Markets remain on edge after Western countries including the U.S. warned on Wednesday that Russia's military presence on Ukraine's borders was growing, rather than shrinking as Moscow has insisted.At the same time, worries about a super-hawkish Fed rate-tightening campaign, potentially including a 50 basis-point hike next month, took a step down overnight after minutes of the latest policy meeting signaled a more measured, data-dependent approach from central bank officials.
U.S. Treasury yields continued their retreat in Asia on Thursday, with the 10-year yield easing about 2 basis points to 2.03%, pressured both by bets for a less hawkish Fed and demand for safe haven assets amid Ukraine uncertainty. A softer dollar and lower yields combined with subdued risk sentiment helped to keep gold near an eight-month peak at $1879.48, reached Tuesday. It last traded around $1,868 an ounce.
Well Ukrainian ended up firing first….
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