The most active gold contract for April delivery rose 7.6 U.S. dollars, or 0.4 percent, to close at 1,907.4 dollars per ounce.
This is the highest close for a most-active gold contract since June 2, 2021.
Russian President Vladimir Putin on Monday signed decrees recognizing the independence of two self-proclaimed regions in eastern Ukraine's Donbass as "the Lugansk People's Republic (LPR)" and "the Donetsk People's Republic (DPR)." Escalated geopolitical tension in Ukraine boosted market's haven demand for gold.
Gold found additional support as the Conference Board Tuesday reported that its consumer confidence index fell to 110.5 in February from 111.1 in January.
The IHS Markit reported Tuesday its flash composite purchasing managers' index advanced 4.9 points to 56.
Silver for March delivery rose 31.9 cents, or 1.33 percent, to close at 24.311 dollars per ounce. Platinum for April delivery rose 9.2 dollars, or 0.85 percent, to close at 1,086 dollars per ounce.
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