Russia Launches Massive Ukraine Strikes, Lifting Gold Safe-Haven Bid

Russia escalated its campaign against Ukraine over the weekend with nearly 600 drones and 90 missiles targeting Kyiv, following a U.S. Embassy warning of a potential hypersonic strike. Ukraine’s defenses intercepted most incoming threats, yet 35 missiles struck targets amid rising rhetoric from Moscow. The surge in geopolitical risk has reinforced safe-haven flows into gold (XAUUSD), sustaining upward pressure on prices as investors monitor further escalation through the war’s fifth year.