Gold prices rise

Gold prices on March 3 morning rose slightly against the backdrop of international tensions due to the situation in Ukraine, Report informs.

The price of April gold futures on the Comex New York stock exchange grew by $5.65, or 0.29%, to $1,927.95 per troy ounce. May futures for silver rose 0.77% to $25.383 an ounce.

The precious metal will remain very sensitive to news about Russia and Ukraine, and gold may continue to rise in price if international tensions and fears about its impact on the economy don’t ease up soon, the Wall Street Journal reports.

Experts therefore expect demand for safer assets to remain strong. Traditionally, gold has been considered a safe-haven asset, and in a time of global uncertainty, demand for the precious metal is on the rise.