Today's AM fix was USD 1,307.50, EUR 972.84 and GBP 770.39 per ounce.
Yesterday's AM fix was USD 1,305.00, EUR 971.20 and GBP 768.55 per ounce.
Gold climbed $2.30 or 0.18% yesterday to $1,305.10/oz and silver rose $0.12 or 0.58% to $20.62/oz.
Gold rose 0.4% in London this morning after gold in Singapore traded sideways overnight. Futures trading volume continues to increase and was almost double the average for the past 100 days for this time of day, Bloomberg data shows.
Silver for immediate delivery rose 0.8% to $20.73 an ounce in London. Platinum was 0.1% lower at $1,486.82 an ounce. Palladium gained 0.3% to $883.63/oz and remains close to a 13 year nominal high of $889.75.
Geopolitical tension in Europe and in the Middle East is supporting gold.
Israel's military pounded targets in the Gaza Strip on Tuesday after Prime Minister Benjamin Netanyahu said his country should prepare for a long conflict in the Palestinian enclave, squashing any hopes of a swift end to 22 days of fighting.
Gaza residents reported heavy Israeli bombing in Gaza City. Israeli aircraft fired a missile at the house of a Hamas Gaza leader and flattened it before dawn. An Israeli military spokeswoman said 70 targets were struck in Gaza through the night. At least 30 people were killed in the assaults from air, land and sea, residents said, after a night of the most widespread attacks so far in the tiny enclave.
The new sanctions are set to inflame relations further. They are on "key sectors" of Russia's economy, U.S. Deputy National Security Adviser Tony Blinken said yesterday.
Russia also signaled possible retaliation, announcing yesterday that it may ban imports of chicken from the U.S. and fruit from Europe because of concern about contamination.