Gold Ends Over 2% Higher As Ukraine Tensions Spike

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Gold Ends Over 2% Higher As Ukraine Tensions Spike

by Wochit 0:51 mins

Gold Ends Over 2% Higher As Ukraine Tensions Spike

by Wochit 0:51 mins

Gold futures surged by more than 2% on Monday as the escalating crisis in the Ukraine spurred a flight to safe assets, lifting prices to their highest settlement since late October. Gold for April delivery jumped $28.70, or 2.2%, to settle at $1,350.30 an ounce on the Comex division of the New York Mercantile Exchange. Prices marked their highest settlement since Oct. 28 based on the most-active contracts, FactSet data show. Earlier, prices had climbed to as high as $1,355.

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