17.03.2014 - Russia/Ukraine escalation could drive gold to $1400 – or higher - short term
With gold hovering around the $1370 level this morning – a level which has confounded the very bearish bank analyst sector – gold has, as we have noted before, been by far the best asset class to be invested in so far this year, beating even the other precious metals which might seem to have even more going for them. But the analysts will say that they could not have predicted the flare-up in the Ukraine and the subsequent aggressive moves by Russia which look as though they will see the annexation of Crimea. It seems Ukraine is virtually powerless to do anything about this beyond gleaning Western support which could result in sanctions being imposed on Russia, given its likely intransigence in the matter, with the threat of further escalation overhanging the situation...............................................Full Article: Source
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