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ET
0024 GMT — Gold edges higher in early Asian trade. The ongoing conflict between Russia and Ukraine adds a layer of complexity, says Inki Cho, Exness financial markets strategist consultant, noting that the U.S. began negotiations with Russia, raising hopes for a resolution. Steady progress in negotiations could strengthen risk appetite and apply pressure on the precious metal, Cho says in a note. Any setbacks could also reinforce gold’s appeal as a safe-haven asset, Cho adds. Spot gold is up 0.1% at $2941.26/oz. (amanda.lee@wsj.com)
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