Russia-Ukraine conflict continues to escalate into gold ETFs

The conflict between Russia and Ukraine continued to escalate on the 24th. NATO announced that it had ordered troops to stand by and sent more warships and fighter jets to Eastern Europe. A spokesman for the German foreign ministry said it was assisting the family members of the embassy staff to leave Ukraine.

Several Russian media reported that Ukrainian troops were gathering near the ceasefire line in eastern Ukraine.

The fermentation of the Russian-Ukrainian conflict directly affects the sentiment of the financial market.

Excluding Russian stocks, the Stoxx 600 fell 2% in European trade to a one-month low.

Britain's FTSE 100 fell 1.12%, Germany's DAX fell 1.7%, and France's CAC 40 fell 1.7%.

The rising risk aversion in the market made SPDR Gold Shares, the world's largest gold ETF, record its largest net inflow of US dollars since its listing in 2004 on the 21st, at US$1.63 billion.