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

Gold slips below $1,300, likely to stutter short term

Posted on 28 March 2014

As tensions ease on Russia/Ukraine, the gold price has suffered falling briefly below $1300 an ounce overnight and then again a little more heavily in European trade this morning. Russia now appears to have managed to annex Crimea without any sanctions of serious consequence being raised against it and President Putin has played the diplomat by cutting out some of the competitive sanction rhetoric.
There seems to be little doubt that the West – and Europe in particular – has no stomach for a serious economic fight given that tit for tat sanctions might be more of a problem for those European states dependent on Russian gas for 30% of their supplies than they would be for Russia itself………………………………Full Article: Source


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VRS - who has written 37561 posts on Opalesque Commodities Briefing.


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