Gold Advances as Mounting Ukraine Tensions Fuel Haven Demand
- Ukraine says government websites were hit by cyberattacks
- Bullion near highest since June after this month’s rally
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Gold advanced after U.S. President Joe Biden expanded sanctions against Russia, with the heightened tensions over Ukraine continuing to boost demand for the metal as a haven.
The Kremlin said separatist leaders in eastern Ukraine have called on President Vladimir Putin to come to their aid against Ukraine. Russia faces further sanctions following its recognition of two breakaway regions. Earlier, Putin said he remains open to “diplomatic solutions” but insisted Russia’s interests and security must be guaranteed.