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Updated 23:00 26/09/20

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Gold gains as Ukrainian elections fuel tensions


Victoria Hewitt-Marsh, News Editor
13 May 2014, 10:20 a.m.

The gold price closed above $1,300 yesterday as voters in the East of Ukraine voted for self-rule. Both Ukrainian and Western governments declared the elections legal and even Russian president Vladimir Putin requested that the pro-Russian separatists postpone their referendum until the end of May. Observers are becoming increasing fearful the country could slide into a civil war. Traditionally gold is held as a hedge against political and economic uncertainty.

Today gold traders will be looking to the U.S. Federal Budget announcement for further insight into the state of the world’s largest economy.

View original source at: www.investing.com

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