Gold Nudges Higher as Investors React to Russia Turmoil
- Haven upside limited despite uncertainty following uprising
- Investors also weighing signals recession could hit Europe
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Gold edged higher as investors assessed increasing geopolitical uncertainty and recessionary signals.
Bullion rose as much as 0.6% on Monday after Russian mercenary leader Yevgeny Prigozhin’s extraordinary mutiny. Still, the upside for the haven was limited after Prigozhin suddenly halted his dramatic advance toward Moscow over the weekend.