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Gold futures end higher on Tuesday

23 Feb 2022 Evaluate

Gold futures ended higher on Tuesday on the precious metal's safe-haven appeal amid rising concerns about escalating tensions between Russia and Ukraine. Geopolitical tensions over Ukraine intensified after Russian President Vladimir Putin recognized the Donetsk and Luhansk regions in eastern Ukraine as independent and ordered a deployment of troops to these regions to ‘keep the peace’.

Gold futures for April rose by 0.4% to settle at $1,907.40 on the Comex division of the New York Mercantile. While, spot gold little changed at $1,898.63 per ounce.