Gold futures settle higher for a second session

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Gold futures climbed on Thursday, with the haven precious metal finding support for a second straight session after Russia raised its war efforts in Ukraine, ordering a partial mobilization of reservists into service. Still, strength in the U.S. dollar following the Federal Reserve’s decision Wednesday to hike interest rates by 75 basis points helped to limit gold’s gains, analysts said. December gold GCZ22, -0.35% rose $5.40, or 0.3%, to settle at $1,681.10 an ounce on Comex.

This article was originally published by Marketwatch.com. Read the original article here.

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