The golden yellow metal extended higher gains in the Asian session by continuing to act as a safe-haven amid growing geopolitical tensions between Russia and Ukraine.
Currently, there is still no diplomatic settlement between the two countries and Ukraine is seen as ready to accept an attack from Russia which Western media says they will start attacking on 16 February.
Although this speculation was only made by Western countries and Ukraine itself did not expect it, but they remain alert to any impending eventuality.
This makes investors more cautious by continuing to increase their holdings of safe-haven assets.
Gold is usually considered a hedge against geopolitical conflicts and heating tensions in Ukraine have brought the precious metal trade higher.
In the Asian session, gold traded at around $ 1,871 an ounce, firmly at its highest level since November. Gold futures were positive at $ 1.82 an ounce.
Also supporting the commodity trade was the decline exhibited by 10 -year U.S. treasury yields from a 2 -year high, thus reducing the opportunity cost of holding interest -free gold.
