Gold Advances on Ukraine Crisis
Duncan Richardson, News Editor
28 Apr 2014, 11:40 a.m.
Gold broke through $1,300 as the crisis in Ukraine continues to unfold. During overnight trading in Asia gold for immediate delivery increased 0.3% to $1,306.59 per ounce. Year-to- date gold has risen 8.4%, in part, due to the political instability in the Ukraine. U.S. and European officials confirmed they are going to place a number of new economic sanctions on Russia today.
Assets held in the world’s largest exchange traded fund, the SPDR Gold Trust, remained unchanged at a 3 month low of 792.14 metric tonnes.
Silver decreased 0.3% to $19.67 per ounce, platinum increased 0.4% to $1,428.75 per ounce and Palladium remained stable at $809.20 per ounce.