Commodity Market Update : Epic Research Malaysia

Gold prices held strong above the key $1,300 level on Thursday, as Russia’s aggression toward Ukraine continues to drive demand for risk-off investments.

At last check, gold for December delivery GCZ4 +0.50% eased 70 cents to $1,307.50 an ounce. September silver SIU4 +0.25% tacked on 4 cents to $20.13 an ounce.

A day earlier, gold notched a solid 1.8% gain to settle above $1,300 for the first time this month, rising on word of Russia’s move to put troops on the Ukrainian border.

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