Gold surged on Thursday with the news of Russia invading Ukraine and the price came within about 5% of its all-time high of $2,067 per ounce from August, 2020.
The fears of rising interest rates, and inflation that have been piquing investors are now starkly overshadowed by a full-blown Russian invasion of Ukraine.
Russia's invasion of Ukraine and resulting sanctions on Russia are putting pressure on several sectors including commodities. Two precious metals that could be affected by the global crisis are palladium and platinum.
Extreme volatility in the U.S. stock market continued on Wednesday as the S&P 500 gave up early morning gains and dipped back into negative territory once again in mid-day trading.
Cathie Wood led Ark Investment Management last Friday bought 24,876 shares —estimated to be worth $942,551 based on the latest closing price— in the U.S.-listed Chinese electric vehicle maker Xpeng Inc (NYSE: XPEV
Cathie Wood-led Ark Investment Management on Friday sold more shares of Palantir Technologies Inc (NYSE: PLTR) halving its exposure in the Peter Thiel-backed company.
Cathie Wood's ARK Invest ETFs are some of the hottest funds after 2020's huge stock market gains.
The ARK Innovation ETF (NYSE: ARKK) grew more than 152% in 2020, beating the Nasdaq's 43.6% return.
Many investors and analysts doubted Ark Invest CEO Cathie Wood's early investment in Tesla Inc (NASDAQ: TSLA), but Ark didn't care what other's thought because the firm had done the research and understood the prospects of Tesla's battery technology, AI,