COMMODITY
Gold futures settle higher on Russia-Ukraine jitters
Nov-21-2024

Gold futures settled higher for a third consecutive session on Wednesday, due to heightened geopolitical tensions after Russian President Vladimir Putin lowered the threshold for a nuclear strikes in response to a broader range of conventional attacks, that bolstered demand for the precious metal. Meanwhile investors looked for further clarity on the U.S. interest rate outlook. Although, stronger US dollar capped some gains in the session.

Gold futures for December climbed by $20.7 or 0.8% to $2,651.70. ounce on the Comex division of the New York Mercantile. Spot gold up by $6.87 or 0.26% to $2,657.47 per ounce.


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