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Gold jumps £12/oz as Russia amasses troops on Ukraine border

Peter Walden, News Editor
6 Aug 2014, 12:44 p.m.

NATO has stated that Russia has amassed 20,000 combat-ready troops on the eastern border of Ukraine. Officials are concerned that Russia may use the excuse of a peace-keeping mission as pretext to an invasion. NATO went on further to say that the troop build-up has further escalated "a dangerous situation".

In response to the situation the gold price jumped 1.5% to £777/oz as global stocks markets fell.

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