- The price of gold has increased by 6.5% to reach an 18-month high of $1,973.96
- Palladium has also increased by 5.1% in value for the third consecutive month
- Gold is proving to be the main safe-haven asset with the growing tensions
- StraightUp acknowledges a change in shareholders’ willingness to take more risks but looks to capitalize on opportunities that present themselves, specifically with the increase in the price of gold
Back in 2020, organizations worldwide had to deal with the pandemic and the geopolitical risk it presented. At that time, the situation affected investment and, more importantly, investors’ risk-taking appetite, mainly citing geostrategic, regulatory, and even political uncertainty (https://nnw.fm/IwTHp).
Fast forward to 2022, and the world is dealing with a whole different situation – the Ukraine crisis. While it is obviously focused on Eastern Europe, the evolving issue is affecting various sectors globally, and is not limited to the investment sector.
StraightUp Resources (CSE: ST) (OTCQB: STUPF), an enterprise committed to mineral exploration and acquiring mineral property assets in North America, recognizes the issue and is opting to keep a close eye on the situation as it occurs. Despite its properties being located in North America, the developments in Russia and Ukraine, coupled with the former’s sanctions, are affecting its operations and its shareholders’ willingness to take more investment risks.
Following the conflict, the price of gold and other precious metals has surged. Palladium, for instance, has seen a 5.1% increase in value for the third consecutive month, while gold has risen by 6.5%, reaching an 18-month high of $1,973.96 (https://nnw.fm/VeiOB).
Gold has proven to be the main safe-haven asset with the growing tensions, surpassing cryptocurrencies and other assets such as Treasuries. Given that the shift for investment might understandably move more towards gold, it presents an opportunity for StraightUp, particularly since its properties are rich in gold deposits. For StraightUp, while the situation might cause fear of risk-taking, it can be expected to grow the demand for gold, increasing value for its shareholders.
Everyone hopes that the situation gets resolved sooner rather than later. However, what remains certain is the impact it and other geopolitical situations around the world can have on markets and investing. StraightUp is keeping a close eye on the developments and remains focused on executing its plans for the 2022 calendar year, including new acquisitions and expansion of its market reach.
For more information, visit the company’s website at www.StraightUpResources.com.
NOTE TO INVESTORS: The latest news and updates relating to STUPF are available in the company’s newsroom at https://nnw.fm/STUPF
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