Commodities1 hour ago (Feb 17, 2022 15:42)
By Barani Krishnan
Investing.com — Gold prices were on the cusp of reaching $1,900 an ounce on Thursday as investors piled into the yellow metal and other safe havens amid escalating tensions over the Russia-Ukraine conflict.
Gold’s most active contract on New York’s Comex, April, was up $25.45, or 1.4%, at $1,896.95 an ounce. It earlier reached a peak of $1,899.90 — just a dime short of $1,900.
The last time gold traded at $1,900 and above was in June.
Year-to-date, Comex’s most-active contract has already risen 3.6%, it’s most since 2020 when it got to record highs above $2,100.
Gold at Cusp of $1,900 on Rally Over Russia-Ukraine
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