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Russia-Ukraine conflict escalates spot gold up $40

February 24, 2022
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News on February 24th, affected by the conflict between Russia and Ukraine in the morning, the risk aversion increased. Spot gold rose by US$40, and the highest rose to around 1950; spot silver exceeded US$25 per ounce, up nearly 2% on the day.

WTI crude oil rose 4% on the day and is now at $96 a barrel, while Brent crude oil rose 3.98%. The dollar rose 5.23% against the Russian ruble to 85.39, its highest level since January 2016. According to CCTV, Ukraine has announced the closure of its national airspace.

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