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Updated 08:22 20/02/20

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Gold climbs as investors consider the Ukraine and U.S Stimulus


Duncan Richardson, News Editor
11 Mar 2014, 10:11 a.m.

Gold rose yesterday as traders weighed the prospect of further U.S. tapering against increasing political tension in the Ukraine. Gold closed Asian trading at $1,342.63 per ounce following five consecutive weekly gains.

Even though the Federal Reserve has cut is stimulus program by $10 billion at each of its last two meeting gold has increased by 11% since the start of the year.

Mark To research analyst at Wing Fung Financial believes gold is stuck in a trading range with traders looking for further indications from the Fed or for new developments in the Ukraine.

Silver and platinum also finished positive, while palladium remained unchanged.

View original source at: www.bloomberg.com

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