Gold Has Biggest Gain in Four Weeks on Ukraine Tensions
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Gold futures posted the biggest gain in four weeks after Ukraine said rebels shot down a Malaysian jet carrying 295 people near its border with Russia. Palladium extended a rally to a 13-year high.
The Boeing 777 flight from Amsterdam to Kuala Lumpur was hit by a missile and went down near the eastern town of Torez, Ukraine’s Interior Ministry said on its Facebook page. Gold rose earlier as the U.S. and the European Union imposed the most aggressive sanctions to date on Russian business.