Customers try on gold jewelry at a jewelry and gifts shopping center in Beijing. China has begun allowing gold imports through its capital Beijing, in a move that would help keep purchases by the world's top bullion buyer discreet at a time when it might be boosting official reserves - EPA Photo.
SINGAPORE: Gold edged higher on Monday as heightened tensions in Ukraine sparked some safe-haven buying, but fund outflows and weak physical demand continued to cloud the metal's outlook.
Spot gold had gained 0.5% to US$1,300.21 an ounce by 0026 GMT.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
