Gold prices rose on Tuesday, as investors opted for the safe-haven metal on concerns over the Russia-Ukraine discord, while looking forward to a slew of economic data and central bank meetings to decide their next move.
Spot gold rose 0.3% to $1,802.51 per ounce by 0747 GMT. U.S. gold futures also rose 0.4% to $1,804.20.
Supporting gold, “investment demand has gone up slightly in the last week because of the geopolitical tensions,” said Jigar Trivedi, a commodities analyst at Mumbai-based broker Anand Rathi Shares.
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