Commodities
Gold Gains as Traders Flock to Haven as Ukraine Fires Missiles
- Bullion holds gains made after geopolitical tensions this week
- Russia raises speculation about a potential cease-fire
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Gold extended gains for a third day as traders sought haven in the precious metal while digesting the latest developments on Russia’s war with Ukraine.
Ukraine’s armed forces fired British cruise missiles at military targets inside Russia for the first time, a Western official familiar with the matter said, as the 1,000-day conflict enters a new phase. Meanwhile, Russia said it’s ready to talk with US President-elect Donald Trump about a potential ceasefire with Ukraine, though Western officials are skeptical.