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

Gold price hits a six-month high

Posted on 14 March 2014

The price of gold hit a six-month high overnight of $US1,370 ounce buoyed by investor appetite and civil unrest in Ukraine. Gold has always been considered a safe haven during times of political and civil unrest and the geopolitical uncertainty in Crimea has seen the price steadily rise all week.
But the managing director of gold miner Ramelius Resources, Ian Gordon, believes there are also other factors at play in the price rise. “Events like the unrest in Ukraine do spur on the price of gold, but I don’t know if it’s as important as people say, but it’s in the mix of factors………………………………………..Full Article: Source


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