Home Industry Economy Gold climbs to highest in more than a year on Ukraine tensions Spot gold rose as much as 1 per cent to $1,928.80 an ounce, the highest level since January 2021 by Bloomberg February 24, 2022 Gold advanced to the highest level in more than a year as tensions around Ukraine intensified, boosting demand for the haven asset. President Vladimir Putin decided to conduct a special operation to “protect” the Donbas region, TASS reported. TASS cited the Russian leader as saying the nation doesn’t plan to occupy Ukraine. Putin also said Russia won’t let its smaller neighbor secure nuclear arms, according to the news organization. Bullion is being buoyed by the growing crisis in Eastern Europe, with gold burnishing its credentials as a store of value in times of geopolitical upheaval. Spot gold rose as much as 1 per cent to $1,928.80 an ounce, the highest level since January 2021, and traded at $1,924.76 at 11:12 a.m. in Singapore. Tags Economy gold Gold prices Precious Metals 0 Comments You might also like Egypt’s finance minister says cutting inflation is priority IMF chief urges global policymakers to avoid protectionism Gold price drifts higher as inflation remains hot UAE consumer spending rises 13% in 2023, reveals retail report