Commodity Market Update : Epic Research Singapore

Gold futures on Tuesday logged their highest settlement in about 11 weeks, as clashes in eastern Ukraine and the Middle East boosted safe-haven demand for the precious metal.

Gold for August delivery GCQ4 -0.05%   rose $4.60, or 0.4%, to settle at $1,326.60 an ounce on the Comex division of the New York Mercantile Exchange. 

Gold prices have also benefited from news that holdings in the largest gold exchange-traded fund, the SPDR Gold Trust GLD -0.07%  , saw their largest increase in five weeks on Monday

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