Gold Futures, Crude Oil Fall after News about Russia Movement

Gold futures prices fell today after it was reported that the Russian Defense Ministry ordered the withdrawal of some troops from the Ukrainian border to return to their bases. The order came after the completion of a maneuver near the Ukrainian border. This could be a move that could help ease tensions between Russia and the West.

  • At 4:50 p.m. ET, gold fell $13.10, or -0.70%, to $1,856.30 per ounce.

WTI crude oil fell from a seven-year high of $94 a barrel today.

  • WTI crude futures fell $2.54, or 2.66%, at $92.92 a barrel.
  • Brent crude futures fell $2.57, or 2.74%, at $93.84 a barrel.

Meanwhile, DOW futures gained 300 points, with the DOW Industrial futures up 309 points, or 0.89%, while the S&P500 gained 1.18% and the NASDAQ100 gained 1.6%.

The rising futures market index reflects the current situation in the markets. The markets are sensitive to news about the conflict between Russia and Ukraine.

In addition, the yield on 10-year U.S. Treasury bonds rose over 2% today as investors bought bonds as a safe haven.

The yield on 10-year U.S. Treasury bonds rose again to 2.031%, while the yield on 30-year Treasury bonds rose to 2.328%.

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