Gold prices stabilized on Tuesday, as concerns exist between Russia and Ukraine that the safe-haven metal would keep supported near the previous session's one-week high, while markets awaited the US inflation data that is crucial to the Fed tapering schedule.
Spot gold is stable near to $1,819.71 an ounce, after rising to its highest level since Jan. 26 on Monday. US gold futures fell 0.1% to $1,820.40 an ounce.
Geopolitical tensions surrounding Russia and Ukraine are driving gold prices higher. Besides, investors are awaiting US inflation data on Thursday" and inflation in January is expected to rise above December levels.
Most forecasts point to the US consumer price index for January rising 7.3% annually, the largest such increase since 1982.
On the other hand, silver fell 0.56% to $22.86, platinum 0.5% to $1015.20, and palladium 0.2% to $2258.29 an ounce.
