Gold prices inched up on Monday after reaching three months’ high during the previous session. Concerns on potential Russian invasion of Ukraine made traders flock to the safe heaven asset.
Gold futures inched up by 1.14% to $1852.7 reaching the biggest gain since mid-October 2021.
U.S. comments on Russian could invade “any moment” sent Asian shares to sharp downturn and oil to reach 7-year high.
The dollar index which has a negative correlation with the gold, inched down by 0.02% to 96.058.
