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Updated 05:08 24/02/20

£ $

Gold above $1,300

Adam Pike, News Editor
9 Apr 2014, 10:40 a.m.

Gold traded over $1,300 an ounce as political tension in the Ukraine escalated, increasing gold’s appeal as the ultimate safe haven.

Ukraine’s acting government launched a number of operations in the city of Kharkiv, 70 separatists occupying the regional administrative building were arrested.

Whilst in the predominantly Russian speaking city of Donetsk, pro-Russian groups seized government building and began calling for Donetsk to become its own separate republic.

The Russian foreign ministry warned the Ukrainian authorities, if force is used to dislodge the protestors they run the risk of a civil war.

In turn the U.S. accused Russia of adding fuel to the fire, U.S. Secretary of State John Kerry added "No one should be fooled — and believe me, no one is fooled — by what could potentially be a contrived pretext for military intervention just as we saw in Crimea. It is clear that Russian Special Forces and agents have been the catalysts behind the chaos of the last 24 hours."

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