Spot gold was up 0.2% at $1,909.86 per ounce by 0558 GMT, after scaling its highest since June 1 at $1,913.89 per ounce earlier. U.S. gold futures GCv1 gained 0.7% to $1,912.20
Shares fell sharply in Asia on Tuesday after Russian President Vladimir Putin ordered troops into separatist regions of eastern Ukraine, suggesting a long-feared invasion was possibly underway. Tokyo's Nikkei 225 index dropped 1.8per cent and the Hang Seng in Hong Kong fell 3.2per cent in early trading. Oil prices jumped, with U.S. crude up 2.8per cent. The future for the S&P 500 dropped 1.5per cent while the contract for the Dow industrials lost 1.3per cent. U.S. markets were closed Monday for Presidents Day. In Europe, shares slipped Monday as investors awaited developments in the Ukraine crisis. Germany's DAX gave up 2.1per cent. In Paris, the CAC 40 in Paris declined 2per cent. Britain's FTSE 100 fell 0.3per cent. Russia's MOEX index dropped nearly 11per cent. The ruble was down 3.2per cent against the U.S. dollar. Western powers fear Russia might use skirmishes in Ukraine's eastern regions as a pretext for an attack on the democracy, which has defied Moscow's attempts to pull
Russia moved quickly Tuesday to secure its hold on Ukraine's rebel regions following the recognition of their independence with legislation allowing the deployment of troops there
Putin's announcement drew international condemnation and immediate U.S. sanctions to halt U.S. business activity in the breakaway regions and ban import of all goods from those areas
China is concerned about the "worsening" situation in Ukraine, Foreign Minister Wang Yi said on Tuesday, repeating his call for all parties to show restraint and resolve differences through dialogue.
Putin on Monday recognised two breakaway regions in eastern Ukraine as independent and ordered the Russian army to launch what Moscow called a peacekeeping operation into the area
Japan's Nikkei share average tumbled more than 2% on Tuesday, extending losses to a fourth session, as sentiment soured further following an escalation in tensions around Ukraine.
This comes after Moscow's decision to recognize two breakaway regions of Ukraine as independent
The Boeing Dreamliner AI-1947 flight from Delhi has taken off as part of the special operation for Ukraine. It has a capacity of over 200 seats.
Gold hits near nine-month high on Tuesday, as the Eastern Europe situation intensified after Russia ordered troops into breakaway regions of eastern Ukraine, supporting demand for safe-haven bullion.
Ukraine's president, Volodymyr Zelenskyy, sought to project calm, telling the country: We are not afraid of anyone or anything.
Australian and New Zealand dollars were holding their ground on Tuesday as strength in global commodity prices helped offset some of the investor unease about Russia's incursion into eastern Ukraine.
Putin ordered Russian troops to perform so-called "peacekeeping functions" in the two regions which are home to Moscow-backed rebels who have been fighting Ukrainian forces since 2014.
This comes after Russian President Vladimir Putin's announcement that he is putting Russian troops in separatist areas of eastern Ukraine as 'peacekeepers'
Deployment of what Russia called a peacekeeping operation in eastern Ukraine is nonsense and Moscow's recognition of the breakaway regions as independent is part of its pretext for war, said US to UN.
This comes in response to Moscow's decision to recognize two breakaway regions of Ukraine as independent
Condemning Putin's decision to recognise Donetsk and Luhansk as independent, US Secretary of State Antony Blinken on Monday stated it a clear attack on Ukraine's sovereignty and territorial integrity.
China's embassy in Ukraine on Tuesday warned Chinese nationals and businesses in Ukraine against venturing to "unstable" areas, but didn't advised them to leave the country.
Australian shares fell on Tuesday as tensions between Russia and the West grew after Moscow recognised two breakaway regions in eastern Ukraine namely Donetsk and Luhansk as independent.
Oil jumped to a seven-year high, safe-havens rallied and US stock futures dived on Tuesday after Russian President Vladimir Putin ordered troops into breakaway regions of eastern Ukraine.