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Gold hits near nine-month high as Russia-Ukraine standoff worsens

Gold hits near nine-month high on Tuesday, as the Eastern Europe situation intensified after Russia ordered troops into breakaway regions of eastern Ukraine, supporting demand for safe-haven bullion.

Photo: Unsplash/Jingming Pan
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Gold Photo: Unsplash/Jingming Pan

Reuters Bengaluru
Gold hit a near nine-month high on Tuesday, as the situation in Eastern Europe intensified after Russia ordered troops into breakaway regions of eastern Ukraine, supporting demand for safe-haven bullion. Spot gold was up 0.2% at $1,909.60 per ounce by 0332 GMT, after scaling its highest since June 1 at $1,913.89 per ounce earlier. U.S. gold futures gained 0.6% to $1,911.50.

"With the situation deteriorating seemingly by the day in Eastern Europe, there is very little

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First Published: Feb 22 2022 | 11:01 AM IST

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