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Gold futures log highest finish in a week

Gold futures on Thursday marked their highest settlement in a week, with geopolitical risks providing some underlying support for gold, said Edward Moya, senior market analyst at OANDA. “If the next round of sanctions from the [European Union] against Russia are hard-hitting, gold could have a meaningful rally out of its trading range,” he said. June gold rose $14.70, or 0.8%, to settle at $1,937.80 an ounce, the highest most-active contract finish since March 31, FactSet data show. Prices have generally stuck to a $10 trading range since the beginning of April.

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