Gold Rises to Snap Longest Slump in Four Months on Haven Demand

Gold Rises to Snap Longest Slump in Four Months on Haven Demand


“Gold futures rose, snapping the longest slump in four months, as the dispute between Russia and the West over Ukraine escalated, increasing demand for a haven.

Russia completed its annexation of Crimea as the European Union signed a political accord with Ukraine, and President Barack Obama yesterday expanded U.S. financial sanctions against Russian officials and businessmen. Gold dropped in the previous four days, partly on Federal Reserve Chair Janet Yellen’s forecast for rising U.S. interest rates.”  By Debarati Roy March 21, 2014 http://www.businessweek.com Read More

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