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Gold rises on geopolitical tensions

Gold rises on geopolitical tensions
# 15 February 2022 05:07 (UTC +04:00)

Gold futures on the COMEX division of the New York Mercantile Exchange rose on Monday on geopolitical tensions, APA reports.

The most active gold contract for April delivery rose 27.3 U.S. dollars, or 1.48 percent, to close at 1,869.4 dollars per ounce.

Gold found extensive support on Monday as investors had their first chance to react to a phone call between Russian President Vladimir Putin and U.S. President Joe Biden on Saturday which yielded no results.

Investors are also worried about continuing inflation.

Gold closed at the highest level in nearly three months on Monday.

Silver for March delivery rose 47.9 cents, or 2.05 percent, to close at 23.848 dollars per ounce. Platinum for April delivery rose 9.3 dollars, or 0.91 percent, to close at 1,028 dollars per ounce. 

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