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Updated 22:06 26/09/20

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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.

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