Gold hits $1,930 as Russia-Ukraine conflict intensifies, bitcoin falls

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Gold is up sharply after recent reports that the Russia-Ukraine conflict is intensifying.

Spot gold crested $1,930 an ounce Wednesday evening eastern time.

Bitcoin dropped, losing over 7% for the day and currently trading under $35,000.

According to reports by Reuters Russian President Vladimir Putin authorized a military operation in eastern Ukraine. Gunfire and explosion were heard over night in Ukrainian capitol, Kyiv.

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