Investors Dash to Haven Assets During Ukraine Crisis Market Turmoil

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Gold last traded at $1,919 an ounce. Silver at $24.94 an ounce.

NEWS SUMMARY: Precious metal prices retreated Tuesday on profit-taking despite a weaker dollar. U.S. stocks rose as oil prices continued to drop below $100 and a reading of wholesale inflation came in at an .8% increase - slightly lower than expected.

WSJ--"The Ukraine crisis is turbocharging a dash for haven investments around the globe.

The Russian invasion and the ensuing jump in commodities prices have sent investors barreling into gold and government bonds and scooping up bets that will pay out if they keep rising.

The turbulence has unleashed a frenzy of trading tied to one of the biggest exchange-traded funds tracking gold, while investors have also poured money into government bonds, stemming a flood of withdrawals from earlier in the year....

Investors say they are facing one of the most uncertain economic outlooks of the past few decades, and there is little clarity on how the Ukraine situation will be resolved.

Some have grown concerned about the possibility of a prolonged bout of inflation alongside low economic growth like the stagflation era of the 1970s. Adding to the anxiety, the Federal Reserve is poised to begin raising interest rates this week and likely won't provide support for markets as it has in recent years.

In addition to monitoring the Fed meeting Tuesday and Wednesday, investors will parse earnings reports this week....

The rush for shelter comes as commodity prices around the globe have soared, stoking inflation fears. Oil prices rocketed to trade at times last week above $130 a barrel, the highest level since 2008."