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Why the crisis in Ukraine isn’t saving gold

Posted on 05 September 2014

Whenever a geopolitical crisis rears its head—such as the one slowly unfolding between Russia and Ukraine—Wall Street can be quick to tie gold’s daily moves to any belligerent or peaceful headlines. Many turn to bullion in times of turmoil, viewing gold as a safe haven asset that rises when situations gets scary.
But according to gold experts, that betrays a basic misunderstanding of how the gold market works. “I don’t think the geopoliticals are doing anything for gold. And the only time they do is if they destabilize the equity market,” said Edward Meir, senior commodity consultant with INTL FCStone………………………………………..Full Article: Source


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