Gold consolidates in the early Asian session amid mixed signals. On the one hand, escalation in the Russia-Ukraine conflict has boosted demand from investors seeking safe-haven assets, ANZ Research analysts say in a note.
On Thursday, Russian President Putin said Russia had used a new type of missile, called Oreshnik, to strike a major Ukrainian defense plant. On the other hand, gold has given up some of its gains after U.S. jobless claims unexpectedly fell, raising worries over a slower Fed rate-cut cycle, the analysts add.
Spot gold is little changed at $2,670.08/oz.
Source: Marketwatch
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