Gold prices registered their highest levels since March 11 as uncertainties regarding the ongoing war in Ukraine increased demand for safe-haven bids while global economies face high rates of inflation and zero-tolerance COVID lockdowns have caused chaos in China, dampening its growth.
The metal has gone up over 2.71 percent since the start of the month when it was trading at $1938.04. Gold is currently at $1990.75, as of this morning. On April 11, it was hovering at 1942.61, and over the past week, has gained more than 2.17 percent.
The Russian invasion of neighboring Ukraine continues as authorities in the embattled country reported missiles striking western city of Lviv on Monday while Russian forces now claim control in the strategic city of Mariupol. Ukrainian forces have refused calls to surrender and the fighting continues unabated.
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