Gold poised for third weekly gain as tension seesaws on Ukraine-Russia border

Uneasy standoff between Russia and the US is driving demand for bullion even as the Fed is preparing to raise interest rates

20 February 2022 - 00:00

By Ranjeetha Pakiam and Eddie Spence

Gold pared losses to trade below an eight-month high following a report that Ukraine separatists in the Donbas region are evacuating some people to Russia.

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