Gold set for new high this year on Ukraine crisis: State Street

Inflation, pandemic worries also send investors to seek safety in bars and coins

20220317 gold

State Street Global Advisors' gold expert George Milling-Stanley sees the price of gold reaching a new high this year.

RURIKA IMAHASHI, Nikkei staff writer

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.

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