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Updated 21:10 26/09/20

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Gold up to a 4 months high as tensions escalate in the Ukraine

Victoria Hewitt-Marsh, News Editor
3 Mar 2014, 10:38 a.m.

Gold is currently trading at $1,346 per ounce following a weekend of heightened tension in the Ukraine as investors seek safe haven assets.

Riots in Ukraine began last week when the then President Yanukovch rejected the EU and sided with Russia for its economic future. After a series of riots between pro EU protestors and government forces Yanukovch fled to Russia.

Now the Russian armed forces have entered the Crimean peninsula, setting the stage for a counter coup. The UN is attempting to calm the situation and President Obama has been in touch with Russian leader Vladimir Putin to stop further escalation.

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