KONTAN.CO.ID - NEW YORK. Gold prices rose on Monday, lifted by safe-haven demand as the Ukraine crisis showed no signs of abatement, although the gains were capped by the U.S. Federal Reserve's plan of aggressive measures to combat inflation. Spot gold rose 0.3% to $1,927.22 per ounce by 0528 GMT. U.S. gold futures were down 0.1% to $1,927.30. "A little bit of safe-haven flows (are) going into gold today because Ukraine officially rejected the deadline from Russia," said Matt Simpson, senior market analyst at City Index.
Gold Rises as Ukraine Crisis Escalates, Hawkish Fed Caps Gains
KONTAN.CO.ID - NEW YORK. Gold prices rose on Monday, lifted by safe-haven demand as the Ukraine crisis showed no signs of abatement, although the gains were capped by the U.S. Federal Reserve's plan of aggressive measures to combat inflation. Spot gold rose 0.3% to $1,927.22 per ounce by 0528 GMT. U.S. gold futures were down 0.1% to $1,927.30. "A little bit of safe-haven flows (are) going into gold today because Ukraine officially rejected the deadline from Russia," said Matt Simpson, senior market analyst at City Index.