TOKYO -- Gold prices are set to spiral to a new high this year as investors seek safe haven during an uncertain time worsened by Russia's invasion of Ukraine, according to U.S.-based State Street Global Advisors.
State Street Vice President and Chief Gold Strategist George Milling-Stanley said in a recent written interview that continued high inflation along with an increase in geopolitical tensions set the stage for gold's climb this year. Gold is often used by investors as a hedge against inflation.
