Gold Advances as Investors Assess Sanctions, Growth Outlook
- U.S. move includes penalties on over 400 individuals, entities
- U.S. core capital goods orders drop for first time in a year
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Gold headed for a second straight gain as investors weighed the impacts of new U.S. sanctions on Russia and the outlook for economic growth.
The U.S. is working with NATO allies to prepare for the possibility of Russia deploying biological, chemical or nuclear weapons as part of the war, National Security Advisor Jake Sullivan said Thursday. Meanwhile, a government report showed orders placed with U.S. factories for business equipment unexpectedly declined in February for the first time in a year.