Ukraine tension lifts gold
“Gold futures rose for a second session in a row today to finish at their highest level in a week, as intensifying tensions between Ukraine and Russia increased the metal’s safe-haven appeal.
Gold for June delivery ticked up 0.5 percent to finish at $1,290.60 an ounce on the Comex division of the New York Mercantile Exchange after trading as low as $1,268.40 in electronic trading. The settlement was the highest seen since April 17.
Russian President Vladimir Putin warned Ukraine against continuing its anti-separatist offensive after government troops killed five rebels and prompted Russia’s military to begin new drills.
In other metals, May silver advanced 1.3 percent to close at $19.69 an ounce. High-grade copper for May delivery increased 2 percent to $3.12 a pound.” Read More
April 25, 2014 by Proactive Investors