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Gold rises on Russia concerns


Gold prices on Monday firmed above last session's more than three-month low, as concerns surrounding the political turmoil in Russia drove flows into safe-haven bullion, outweighing risks from the Federal Reserve's hawkish outlook.


Spot gold rose 0.2% to $1,924.78 per ounce by 1:57 p.m. EDT (1757 GMT), while gold futures settled 0.2% higher at $1,933.80.


"We are seeing some modest safe-haven demand in gold on the Russian incursion that was quickly aborted over the weekend. But there are still some underlying worries," said Jim Wyckoff, senior analyst at Kitco.


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