By A. Ananthalakshmi SINGAPORE (Reuters) - Gold climbed to its highest in 1-1/2 weeks on Monday, steadying above $1,300 an ounce as weaker equities and escalating geopolitical tensions in Ukraine boosted the metal's safe-haven appeal. Traders were cautious about the price gains as they said the tensions could be short-lived and that outflows from gold-backed exchange traded funds had only paused, rather than reversing. They were also waiting for U.S. nonfarm payrolls report and the Federal Reserve's policy meeting later in the week for stronger trading cues. "While the price break over $1,300 may be construed as positive for the bullion market, gains that have historically been boosted by bouts of rising geopolitical tensions tends to be fleeting and can be erased just as fast as they materialize," HSBC analysts said in a note.
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