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Gold futures end sharply higher on safe haven appeal

02 Mar 2022 Evaluate
Gold futures ended sharply higher on Tuesday, due to safe haven appeal of the bullion and on supply woes on account of sanctions over Russia by West Countries, followed by Russia’s invasion in Ukraine.

Gold futures for April rose by 2.3% to settle at $1,943.80 on the Comex division of the New York Mercantile.  Spot gold was up by 1.8% to $1,941.51 per ounce.