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

What does that have to do with the price of gold?

Posted on 28 March 2014

Earlier this month the price of gold hit a six-month high of $US1370 an ounce, buoyed by investors and civil unrest in Ukraine. So what does a foreign conflict have to do with the price of gold?
To those outside the gold industry it might seem strange that geopolitical uncertainty in Crimea might mean good things for your average gold miner in Kalgoorlie-Boulder. But, for one of the world’s oldest currencies, civil unrest is just one of many seemingly random factors to affect its price………………………………Full Article: Source


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