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Gold prices hit highest level after Russia-Ukraine conflict

Guwahati: Gold prices has skyrocketed to their highest level in more than a year as Russiau2019s invasion of Ukraine wretched up fears of a war in Europe.<br><br>On Thursday, Gold prices jumped over 2% o their highest in more than a year, with investors flocking to safe havens following the conflict.<br><br>Reportedly, Spot gold climbed 3.4% to $1,971.54 per ounce by 1018 GMT, the highest since September 2020. U.S. gold futures jumped 2.4% to $1,956.00.

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Gold prices hit highest level after Russia-Ukraine conflict

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  1. GoldpriceshithighestlevelafterRussia-Ukraineconflict • Guwahati:Gold prices has skyrocketed to their highest levelinmorethanayearasRussia’sinvasionofUkrainewretchedupfearsofawarinEurope. • OnThursday,Goldpricesjumpedover2%otheirhighestinmorethanayear,withinvestorsflockingtosafehavensfollowingtheconflict. • Reportedly,Spotgoldclimbed3.4%to$1,971.54perounceby1018GMT,thehighestsinceSeptember2020.U.S.goldfuturesjumped2.4%to$1,956.00. • In India, the gold price today surged by ₹1,400 , hitting the peak of ₹51,750 per 10 gmsintheearlymorningtrade.ThiscomesamidsteepfallinthestockmarketwithSensexdownby1432.50pointsandNiftyreportingaslumpof410.70pointsatthetimeofopening. • ItisalsotobenotedthatRussiaistheworld’sthirdlargestproducerofGold.Meanwhile,thedollarandoilpricesalsorocketedhigher,whileglobalstocksandUSbondyieldsdived.

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