Gold prices rise as market eyes Ukraine crisis

Gold prices rose on Thursday as markets still keep an eye on the Russian-Ukrainian conflict besides waiting for more Fed comments on interest rates.

Spot gold prices gained $10.0 or 0.5% to trade at $1947.3 per ounce by 1310 GMT.

According to Reuters, investors still evaluate the Federal Reserve outlook on possible rate hikes.

The Fed chair, Jerome Powell, signaled previously this week, to a more than estimated hike of interest rates to curb higher inflation.

Gold futures extended gain t near record highs last month on the Russian invasion of Ukraine.