Gold rebounded to the highest in a week as Ukraine crisis escalated and Russia President Putin announced retaliatory sanctions against the US and EU nations. The benchmark Comex contract of the yellow metal jumped to as high as 1311 before ending the day at 1308.2, up +1.78%, the biggest rise in 2 weeks. Crude oil prices weakened further on disappointing European data and concerns over Russia’s action on European economies.
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Gold Rebounded on Safe-Haven Demand as Russia Retaliates
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