Gold prices are settling higher for the first time in a week as tensions between Russia and Ukraine give the precious metal some support.
Russia warned Wednesday that it would mount a firm response if its citizens or interests come under attack in Ukraine. Separately, Dutch, British and Danish fighter jets scrambled Wednesday afternoon after a pair of Russian bombers approached their airspace over the North Sea.
Traders said that the news was drawing money into gold, often used as a refuge during bouts of turbulence. Gold for June delivery rose $3.50 to settle at $1,284.60 an ounce.
Other metals also settled with slight gains. Platinum for July increased $3.60 to $1,403.90 an ounce, and palladium for June rose $2.35 to $786.00 an ounce.
Trading in agricultural contracts was mixed.