top of page
Laxmi Diamonds.png

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.

For more Updates Do follow us on Social Media

bottom of page