| Gold prices sank to their lowest level in seven weeks Monday, as investors continued to discount the possibility that the conflict in Ukraine would intensify. Gold for June delivery, the most actively traded contract, closed down $10.50, or 0.8%, at $1283.80. It was the lowest close for the precious metal since Feb 11.
Prices for gold are down more than more than 7% since March 14, as it became clear that the West would limit its response to Russia's annexation of Crimea to a series of narrowly-targeted sanctions..............................Full Article: Source
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