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Gold Soars To All Time High On War Premium

Published on Mar 09, 2022 11:39

COMEX Gold futures shot up to fresh all time high, hitting $2077 per ounce in last session as volatile equities and worries over Russia- Ukraine war pushed up the prices. The metal currently trades up 1% at $2063 per ounce. The war premium is boosting safe haven buying in the commodity and a massive spike in inflationary expectations is also keeping sentiments well supported.

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