Gold near $1310 as Ukraine Helps Safe Havens

Gold was trading near its highest in three weeks on Tuesday, holding gains from the last two sessions as more intense fighting in Ukraine lifted the metal’s safe-haven appeal.

Spot gold rose 0.1 percent to $1,310.70 an ounce by 0020 GMT, after gaining 2 percent over the last two sessions. On Monday, gold climbed to $1,315.60 – its highest since April 15, before paring some gains.

Pro-Russian rebels shot down a Ukrainian helicopter in fierce fighting near the eastern town of Slaviansk on Monday, and Kiev drafted police special forces to the southwestern port city of Odessa to halt a feared westward spread of rebellion.


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