Gold Climbs to Eight-Month High as Ukraine Risks Boost Havens
- U.S. warns that Russia may target multiple cities in Ukraine
- Fed officials back March rate rise as consensus takes shape
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Gold advanced to the highest level in more than eight months as concerns over heightened geopolitical tensions stoked demand for haven assets.
Bullion has just capped three straight weeks of gains, pushed higher by the possibility of a conflict in Europe. In the latest development, the U.S. has told allies that any Russian invasion of Ukraine would potentially see it target multiple cities beyond the capital Kyiv, according to three people familiar with the matter.