Gold little changed despite geopolitical worries

Gold futures on the COMEX division of the New York Mercantile Exchange was almost unchanged Tuesday despite geopolitical concerns.

The most active gold contract for December delivery rose 0.1 U. S. dollars, or 0.01 percent, to settle at 1,310.6 dollars per ounce.

With no major economic data due Tuesday, Gold rose very slightly as traders reacted to geopolitical tension between Ukraine and Russia. Meanwhile the conflict in the Middle East decreased investors' interest in equities and triggered a small move to gold.

Boston Federal Reserve Bank President Eric Rosengren and New York Federal Reserve Bank President William Dudley are both due to speak on Wednesday in New York.

Weekly jobless claims are due out on Thursday, as is a report on money supply, which measures current liquidity.

Silver for September delivery lost 19 cents, or 0.95 percent, to close at 19.905 dollars per ounce. Platinum for October delivery gained 0.6 dollars, or 0.04 percent, to close at 1472.2 dollars per ounce.