COMEX Gold futures shot up to fresh all time high, hitting $2077 per ounce in last session as volatile equities and worries over Russia- Ukraine war pushed up the prices. The metal currently trades up 1% at $2063 per ounce. The war premium is boosting safe haven buying in the commodity and a massive spike in inflationary expectations is also keeping sentiments well supported. MCX Gold futures spiked in tune with the global prices and closed at Rs 54533 per 10 grams, up around 2% on the day.
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