Gold futures rallied on Thursday, with Russia’s invasion into Ukraine lifting haven demand for the precious metal, sending prices to their highest finish since early January of last year. If Russia expands its invasion past Ukraine and engages in combat with NATO forces in the Baltics or Poland, gold will most likely go beyond $2,000 within a day — and probably towards $2,200 both on safe-haven interest and a lack of sellers, said Jeff Wright, chief investment officer at Wolfpack Capital. April gold rose $15.90, or 0.8%, to settle at $1,926.30 an ounce.
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