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Gold price surge: Yellow metal to see ‘substantial’ climb as Ukraine war fears loom

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Gary Wagner, editor of TheGoldForecast.com said that tensions in Eastern Europe, as well as inflation that is unlikely to dissipate soon, are forces that will push gold to move “substantially”. The United States has indicated that Russia continues its troop buildup on the borders of Ukraine.

Yesterday was the first time since the onset of the buildup of Russian troops on Ukraine’s borders that there appeared to be the possibility that this crisis would de-escalate.

This was based on statements by Vladimir Putin saying that they are moving troops away from the border.

However, the belief that the geopolitical crisis was de-escalating could be short-lived.

According to the New York Times: “Russia said it was continuing to pull troops back from near Ukraine, but Secretary of State Antony Blinken and the head of NATO said they had seen no indication of a withdrawal.

“Still, Western officials were cautiously hopeful for a diplomatic solution to the crisis.”

Mr Wagner told David Lin, anchor for Kitco News that if war does break out, a sustained geopolitical crisis would push both the US dollar and gold up together.

He said: “We had multiple days in the last couple of weeks in which we saw safe haven plays into the dollar and gold concurrently.

“So while it would pressure gold, it would hold back the rise but [would not] necessarily be so strong that gold moves gold with that adversity.

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“I think that dollar strength and gold can move in tandem during that kind of a conflict, in the same way that US equities and gold move in tandem when you have a highly accommodative Federal Reserve.”

Mr Wagner explained that inflation will continue to provide tailwinds for the gold price this year, especially when wholesale prices, as indicated by the producer price index (PPI), remain elevated.

On Wednesday, core PPI (Producer Price Index) was reported to have climbed 6.9 percent year-over-year.

He said: “The PPI that came out [Wednesday had] an uptick in it. Obviously, as wholesale prices go up for manufacturers for goods and services, they will inevitably pass those higher prices onto the consumer.

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“Anytime you have the PPI going higher, the first thing that it tells you is that inflationary pressures aren’t stabilising, they’re not peaking, they are in fact going to continue to move higher.

“Add that to the PCE that came out, that is also at a 40-year high, and really what we’re looking at is persistent inflation that, I believe, will not go to a target level by the Federal Reserve for at least a year or two years.”



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Pay Attention To Childhood Cancer

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Childhood Cancer

Childhood cancer is not very common, since it is estimated that for every 100 adults affected by cancer, there is one child who suffers from it. It comprises numerous types of tumors that develop in children and adolescents from 0 to 18 years of age. The most common types are leukemia, brain tumor, lymphomas, and solid tumors such as neuroblastoma and Willms tumor (kidney tumor).

Don’t Ignore Signs

Sometimes the symptoms of childhood cancer can be confused with those of other diseases, so it can take time to obtain a timely diagnosis that allows the disease to be treated in time. In this sense. Most doctors recommend that parents not ignore the signs, among which are persistent bone and abdominal pain, fever without apparent causes for more than a week, bruising or bleeding from the nose or gums, tumor or node growth, weight loss, among others.

Genetic Factors

Genetic factors and malformations play an important role in the onset of the disease, unlike in adults, where environmental factors such as infectious agents, radiation, smoking, minerals, and chemical compounds have a high incidence. In children, the main cause is still unknown.

The Diagnosis 

There are numerous diagnostic tests used to detect childhood cancer; these allow to determine the type of tumor, where it is located and if it has invaded neighboring organs, (if it has metastasized) for which laboratory tests, imaging studies, and biopsies are used. From which the type of treatment to be used to combat the disease will be established.

Medical Treatment

Many doctors give the reassurance that childhood cancer should be treated in institutions where there is a multidisciplinary health team, such as the Cancer Institute. This team consists of pediatric surgeons, radiation oncologists, orthopedists, hematologists, clinical oncologists, psycho-oncologists, among others.

Seek Local Help

The treatment is multidisciplinary, where excellence, professionalism, dedication, avant-garde in medical knowledge are combined, whose main objective is the fight against cancer. You should also consider local centers that offer cancer care Orange County-based.

Read more: Ryan Garcia and Who is Ryan Garcia Net Worth

 

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'This is huge' Swedish Air Force jet deployed over Belarus border in threat to Putin

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The Scandinavian country is not a member of NATO, but could be ready to trade in its neutral status in the wake of Russia’s invasion of Ukraine.

News of Stockholm’s decision to send a jet was revealed by twitter user Jamming.

They wrote: “Swedish Air Force Korpen active over Poland border area with Belarus.

“Sweden part of surveillance of Belarus and Ukraine!!!

“This is a huge political statement! Update on SwAF Korpen.”

 

The Gulfstream IV aircraft was tracked taking off from Linking airport and then flying towards the city of Grodno in western Belarus.

It was flying at an altitude of just under 12,000 metres at a speed of 836 kilometres per hour.

Although Sweden is not a NATO member, it is an “enhanced opportunity partner” of the military alliance.

The government also signed a statement in 2018 pledging to strengthen its defence cooperation.

Swedish Prime Minister Magdalena Andersson rejected calls by opposition parties earlier this month for the country to join NATO.

She argued that such a move would further destabilise Europe.

Her statement came in the wake of threats from Moscow that NATO membership would bring “serious military-political consequences” for Sweden.

However, there is growing public support among Swedes for their country to join the transatlantic military alliance.

A poll conducted in late February by broadcaster SVT found that 41 percent of the public supported NATO membership, while thirty-five percent were against.

It was the first time an opinion study in Sweden had found more people in favour of the country joining NATO than were against it.

MORE TO FOLLOW….



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Putin humiliated: Russia tries and fails to capture defiant Ukraine village for tenth time

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Russia has tried and failed to capture the village of the Chornobaevka ten times, according to Ukrainian presidential adviser Aleksey Arestovich. Videos shared by Ukrainian officials online showed the “tenth defeat of the Russian invaders in Chornobaevka”. The continued failures to capture the village comes as Ukrainian President Volodymyr Zelensky said last night that his country’s forces had “dealt powerful blows” to the Russian military.

Mr Arestovich told a press conference that Russian troops had tried to take Chornobaevka for the tenth time, but the assault again ended in failure.

Following this, the head of the nearby Mykolaiv Regional State Administration Vitaly Kim published a video showing “the defeat” as explosions erupt on the outskirts of the village.

The resolute village has become famous in Ukraine for its defence, as President Zelensky commended Chornobaivka last weekend for fending off six invasions at the time.

He said: “Ukrainian Chornobaivka will go down in war history. This is a place where the Russian military and their commanders have shown themselves for who they truly are – incompetent, capable of simply handing over their people for slaughter.

“Our military has annihilated the invaders near Chornobaivka six times.

“Six times, yet they keep coming back.”

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Online users ridiculed the latest Russian failures and hailed the Ukrainian defiance, with one Reddit user remarking: “At some point, I think every military intelligence outfit looking at this must be wondering how bad the rot is in the Russian military.”

One user visavillem added: “So this is the 10th time. Are Russians trying to bait Ukrainians to waste ammo with some obsolete/broken equipment, or are they really so stupid, that they keep stepping on the same rake again and again?”

Another user on Reddit adfgqert posted: “The Ukrainian people have resolve and determination that is beyond what I think is normal.

“Beyond inspirational and they bring fighting for what they believe in to a new level for me.” 

This comes amid ongoing setbacks for Russian military forces in the south of the country.

Earlier this week, it was reported that Russia had withdrawn most of its helicopters from a strategic airport in Kherson, in southern Ukraine, according to satellite images.

Kherson has also been the site of several local protests against the occupying Russian soldiers.

The official said: “We can’t corroborate exactly who is in control of Kherson but the point is, it doesn’t appear to be as solidly in Russian control as it was before.

“That would make it very, very difficult for them to make any kind of ground movement on Odesa.

“That would be a significant development, no question about that, in terms of the southern part of the war.” 



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