AKIPRESS.COM - Gold was little changed on March 5 following sharp overnight losses as safe-haven buying cooled on easing fears of possible military action in Ukraine, International Business Times reported.

Bullion prices were also kept in check by higher equities, which recovered after President of Russia Vladimir Putin said he would use force in Ukraine only as a last resort.

The prices had gained nearly 2% on Monday to a four-month high on increasing tensions between Russia and the West over Ukraine.

Meanwhile, Barrick Gold Corp (ABX.TO), the world's biggest gold miner, is not looking to hedge the price of the precious metal because it expects a sharp increase in coming years.