Gold climbs to 1-month high as Ukraine crisis drags on – Reuters
- Date: 18-Apr-2022
- Source: Reuters
- Sector:Oil & Gas
- Country:Middle East
Gold climbs to 1-month high as Ukraine crisis drags on – Reuters
April 18 (Reuters) - Gold prices jumped about 1% to a more than one-month high on Monday as concerns over the economic fallout from the Russia-Ukraine war and surging inflation drove investors to the safe-haven asset.
Spot gold was trading at $1,993.28 per ounce as of 0947 GMT, its highest level since March 11. U.S. gold futures jumped 1.2% to $1,997.70 per ounce.
"Bullion's upward momentum is set to continue as long as markets are fed with a steady stream of negative headlines pertaining to a darkening global outlook," said Han Tan, chief market analyst at Exinity.
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