Thu, Jan 29, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Putin lights fire under gold price

Posted on 04 March 2014

The gold price soared 2.5% on Monday on the back of safe haven buying as Russian President Vladimir Putin’s adventurism in Ukraine caused a diplomatic scramble in the West. On the Comex division of the New York Mercantile Exchange, gold futures for April delivery – the most active contract – last traded at $1,351.80 an ounce, up $30.20 from Friday’s close.
In brisk trading the metal hit a high of $1,355 earlier in the day, the best level since September and up 13% since the start of the year. While investors were scrambling for hard assets and crude oil, stock markets sold off around the world, with triple digit losses for US blue chips and European investors running for cover. The ruble tumbled and Moscow stocks plummeted………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 39021 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
January 2015
S M T W T F S
« Dec    
 123
45678910
11121314151617
18192021222324
25262728293031