Now on its sixth day, the premeditated invasion of Ukraine by Russia has been met by fierce resistance by Ukraine’s military and the civilian population as they defend their country.

It was a volatile trading session across multiple asset classes as concerns surrounding Russia’s invasion of Ukraine continued to grow.

As of 4:08 PM EST gold futures basis, the most active April 2022 contract is trading lower by $35.60 and fixed at $1890.70. Unlike yesterday’s dramatic price decline which was largely due to dollar strength, today gold and the dollar both lost value.