The price of yellow metal rose on Tuesday as appetite for safe-haven assets seemed to increase amid growing tensions in Europe as Ukraine confirmed to have attacked Russia using United States-supplied ATACMS missiles on the 1,000th day since the war started.
The Russian Ministry of Defense confirmed the strikes, noting that the military was able to repel five out of six missiles Ukraine launched. This morning, Russian President Vladimir Putin approved changes to Moscow's nuclear doctrine, allowing the use of nuclear weapons if a non-nuclear state, in coordination with a nuclear-armed nation, launches an attack on Russia. Such an assault will be regarded as a joint attack, triggering a potential nuclear response.
Gold gained 1.01% to sell at $2,636.70 per ounce at 7:32 am ET.
