top of page
Long-time Chief Executive Officer Ben Silbermann of Pinterest would step down, handing over the reins of the social media platform to Google...

Stock Market

Google executive to take over as a new CEO of Pinterest

Top accounting firm Ernst & Young has been slammed with a record $100 million fine from the US government...

Stock Market

Accounting firm gets 100 million fine for faulty regulations

The Indian rupee slipped into a fresh low today and extended losses against the US dollar.


The rupee tumbled to a new low against the dollar in the midst of an increase in crude oil price

Wall Street saw a sharp fall at its closing in a broad sell-off. Consumers' worries over recession have sparked up...

Stock Market

Wall Street Lose Balance after recession strikes growth fear among consumers’

Soaring inflation may be pushing the US economy into a deep recession. Last week's 0.75% interest rate hike by the Federal Reserve...

Stock Market

Inflation ringing the recession bell - Mohammed Shaheen


21 Feb 2022

Gold Drops amid Ukraine-Russia Tensions but Hovers near Eight-Month Highs

The Index Today

Gold dropped on Monday morning in Asia amid rising geopolitical tensions between Ukraine and Russia which continue to drive investor appetite for safe-haven assets. However, the yellow metal still looms near eight-month high levels.

Gold futures dipped by 0.01% to $1,899.65 by 10:02pm ET (3:02am GMT). It has been witnessing highs recently, spurred by unstable conditions in Ukraine and Russia which have informed investor appetite for risk assets.

U.S. Secretary of State Anthony Blinken is set to meet Russia’s foreign minister Sergei Lavrov for possible negotiation talks. President Joe Biden will also meet Russian President Vladimir Putin “in principle” for the same. This comes after Biden on Friday warned of an imminent Russian attack on Ukraine “within days”.

Rising investor appetite for safe-haven assets has temporarily offset worries over upcoming interest rate hikes as members of the U.S. Federal Reserve namely Lael Brainard, John Williams, and Charles Evans posit a keenness to start raising interest rates soon.

Clay pottery with table linens
bottom of page