Gold closes out Thursday trade higher, aims for weekly gain

Gold closes out Thursday trade higher, aims for weekly gain

Gold futures settle higher on Thursday, resuming their climb as fighting in Eastern Europe intensified, with hope dimming of successful talks to end the Russia-Ukraine conflict.

April gold
GCJ22,
+0.74%

GC00,
+0.74%

 traded $13.60, or 0.7%, to settle up at $1,935.90 an ounce, following a 1.1% decline on Wednesday.

Bullion was looking at a weekly rise of 2.6%, marking its fourth positive week of the past five.

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