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2/24, 11:24 AM (Source: TeleTrader)
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Gold surges 3%, palladium soars 7% amid Ukraine conflict

Precious metals extended gains on Thursday with gold surging more than 3% to reach the highest levels since late 2020 and palladium skyrocketing more than 7%.

Investors turned to safe-haven assets amid concerns about the escalating situation in Ukraine after Russia launched a military operation in Donbass.

Spot gold climbed 3.02% to go for $1,967 at 5:22 am ET, silver rallied 3.57% to sell for $25.45 per ounce at the same time. Platinum rose 2.62% to change hands for $1,123.18 at 5:23 am ET and palladium soared 7.41% to $2,661.02 per ounce at the same time.

Baha Breaking News (BBN) / NP