Gold prices remain above $1,900 per ounce

Gold is growing slightly, remaining above the psychological mark of $1,900 per ounce, buoyed by fears about the situation around Ukraine, Report informs referring to the auction data.

The price of April gold futures on the New York Comex exchange rose by $7.05, or 0.37%, to $1,907.75 per troy ounce. May futures for silver rose 0.3% to $24.44 an ounce.

Geopolitical risks associated with the situation around Ukraine support the demand for gold, which traditionally acts as a safe-haven asset.

Experts note that if inflationary risks reinforce fears of economic growth, gold may receive a support factor. Analysts also indicate that in the event of a decrease in the price of gold, the resistance level may reach $1,840-$1,850 per ounce.