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

Gold price “will probably test $1400″ as Crimea moves to quit Ukraine

Posted on 07 March 2014

Gold Price trading in London kept bullion prices in a 2-day range between $1330 and $1340 per ounce Thursday morning, while Ukraine’s Crimea crisis continued to dominate headlines ahead of tomorrow’s much-awaited US jobs data.
Trading some 1.5% below Monday’s new 4-month high, the gold price fell for Euro investors, dipping beneath €970 as the single currency rose after ECB chief Mario Draghi reaffirmed a commitment to ultra-low rates. Members of parliament in the Crimea today voted to put joining Russia to a referendum on March 16th – a move that Reuters called a “dramatic escalation”……………………………………….Full Article: Source


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