Not since World War II has the world witnessed such an egregious act by a sovereign nation against a European sovereign nation. Last night Russia launched a full-scale invasion against the independent country of Ukraine.

Gold continues to find support at $1900 per ounce as geopolitical tensions escalate and has now been labeled as a crisis.

Gold prices oscillated between today’s low of $1889.70 and high of $1918.30. As of 4:15 PM, gold futures basis's the most active April contract is currently fixed at $1901.30 after factoring in today’s gain of $1.50 or 0.07%.