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Gold futures climbed Monday to settle at their highest in more than five weeks, after briefly touching highs above $2,000 an ounce. “Ukraine is the reason for the gold-price rise,” said Chintan Karnani, director of research at Insignia Consultants. Inflation will be around longer if the Ukraine conflict continues to escalate,” he said. Gold is often seen as a hedge against inflation. June gold rose $11.50, or 0.6%, to settle at $1,986.40 an ounce. Prices based on the most-active contract settled at the highest since March 10, FactSet data show.
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