Gold prices rose for a second day on Tuesday, reflecting investors’ increased demand for safe-haven assets amid escalating tensions between the United States and Russia over Ukraine.
An ounce of gold traded at $2,637 on the physical market after noon on Tuesday, the highest since November 11 and one percent higher than yesterday’s close.
Gold futures rose by the same percentage, to $2,641 an ounce, in U.S. futures.
