Ukraine fired a series of cruise missiles into Russia
Bullion up for fourth straight session so far
Longterm outlook for gold remains bullish analyst

Nov 21 Reuters Gold prices rose for a fourth straight session on Thursday, driven by safehaven demand amid escalating tensions between Ukraine and Russia, while investors awaited remarks from U.S. Federal Reserve policymakers for clues on the interest rate outlook.

Spot gold was up 0.5 to 2,663.47 per ounce, as of 0745 GMT, while U.S. gold futures rose 0.6 to 2,666.20.

The escalation in the Ukraine war and subsequent fears of a broader regional conflict that involves increasing threats of nuclear weapons are pushing up prices, said Kyle Rodda, financial market analyst at Capital.com.

Ukraine fired a series of British Storm Shadow cruise missiles into Russia on Wednesday, just a day after firing U.S. missiles.

Adding to ongoing geopolitical tensions, the U.S. vetoed a U.N. Security Council resolution calling for a ceasefire in Gaza.

Gold39;s appeal is bolstered by geopolitical tensions, economic risks and a low interest rate environment.

Meanwhile, the dollar paused its climb as traders sought clarity on Donald Trump39;s policies and the Fed39;s outlook.

Investors will monitor remarks from several Fed officials later in the day, while keeping an eye on initial U.S. jobless claims data, due at 1330 GMT.

Two Fed governors offered contrasting perspectives on U.S. monetary policy on Wednesday, with one raising…