P.M. ROUNDUP: #Gold Ends Firmer, Hits 6-Month High; Uncertain Weekend Looms ▸ OnKit.co/uyOyZ Gold prices ended the U.S. day session with slight gains Thursday, but did poke to another six-month high. Profit taking and chart consolidation seen early on gave way to fresh safe-haven buying ahead of a very uncertain weekend on the #Ukraine/ #Russia front. April gold was last up $2.20 at $1,372.70 an ounce. Spot gold was last quoted up $5.70 at $1,373.50. May #Comex #silver last traded down $0.148 at $21.215 an ounce. The Russian troop occupation of Ukraine is a growing concern among many traders and investors. U.S. and European Union leaders are threatening to impose economic and diplomatic sanctions on Russia. Meantime, Russia said it will do the same to the U.S. and #EU. A referendum from Crimean citizens on secession is scheduled for Sunday, and that could be the next flashpoint in the region. It would not be surprising to see keener risk-aversion in the market place on Friday, heading into an uncertain weekend for Ukraine. It could be that markets will be stressed come Monday morning, if the Ukraine crisis escalates during the weekend. The Russian occupation of #Crimea has been a bullish factor for the gold market... [continued]
Posted on: Thu, 13 Mar 2014 18:40:02 +0000
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