Gold Price Nears 3-Month Peak as Ukraine Tension Lifts Haven Demand

Gold extended last week’s gains to approach a three-month high on Monday, as rising concerns around the Russia-Ukraine conflict supported bullion’s safe-haven appeal.

Spot gold rose 1.0% to $1,862.58 per ounce by 12:05 p.m. EDT, its highest since mid-November. US gold futures were up 1.2%, trading at $1,863.80 per ounce in New York.

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