Gold traded in a narrow range amid a lack of macroeconomic data from the U.S., while investors continue to monitor the situation in Ukraine.
Gold prices rose in recent months against the backdrop of escalating conflict between the Ukrainian military and pro-Russian separatists, located in the east of the country. What happened recently Malaysian Airlines plane crash in eastern Ukraine increased investor interest in gold as a safe haven against the backdrop of geopolitical tensions. Authority of the West think that the plane was shot down by pro-Russian separatists.
Tuesday train human remains after the collapse of the Malaysian ship arrived in Kharkov, Ukrainian-controlled central government. Pro-Russian militia handed Malaysian officials "black boxes", that is the flight recorders.
"However, since no applications have been received from Moscow, and the Russian military are still at the Ukrainian border, probably (for Russia) will introduce new sanctions" - written by Liz Grant, Senior Sucden Financial, in a note to clients .
EU finance ministers on Tuesday tightened sanctions against Russia and threatened restrictions on trade and other military equipment, unless Moscow will cooperate and do not flatten the conflict.
The cost of the August gold futures on the COMEX trading today in the range of $ 1305.10 - $ 1311.80 per ounce.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.