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Gold futures jump 1% as Russia and the Ukraine begin talks

Duncan Richardson, News Editor
26 Aug 2014, 10:48 a.m.

Gold futures have risen 1% this morning as investors wait for news from the meeting between the Russian and Ukrainian leaders. Gold for immediate delivery increased $12.60 per ounce to £1,291.50 per ounce in early European trading.

Russian President Vladimir Putin and Ukrainian leader Petro Poroshenko will meet later today in the Belarussian capital Minsk in the hope of ending the four month conflict in the east of the Ukraine.

Traders will also be looking ahead to the release of key economic data from the U.S. for indication on the health of the world’s largest economy.

Gold is currently trading at £776.67 per ounce, silver £11.78 per ounce, platinum £858.31 per ounce and Palladium at £534.92 per ounce.

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