The most active gold contract for April delivery rose 43.1 U.S. dollars, or 2.27 percent, to close at 1,943.8 dollars per ounce.
Investors remained concerned as Russia-Ukraine conflict entered the sixth day, weighing the implications of the conflict on the outlook for inflation and global growth.
Tumbling U.S. stock market indexes and U.S. bond yields also supported gold.
Economic data released Tuesday are mixed. The IHS Markit final U.S. manufacturing purchasing managers index (PMI) rose to 57.3 in February from 55.5 in January, lower than market expectation of 57.5, supporting gold.
The Institute for Supply Management (ISM) reported its manufacturing PMI at 58.6 percent, an increase of one percentage point from the January reading of 57.6 percent. This figure indicates expansion in the overall economy for the 21st month in a row after a contraction in April and May 2020, dampening gold.
Silver for May delivery rose 1.175 dollars, or 4.82 percent, to close at 25.541 dollars per ounce. Platinum for April delivery rose 13.2 dollars, or 1.27 percent, to close at 1,051.9 dollars per ounce.
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