Gold futures surged on Monday as investors continued to seek the safe haven appeal of the precious metal with the situation in eastern Ukraine further deteriorating amid reports of fierce fighting from many places. Moreover, some weakness in US equities also influenced the precious metal price.
Gold futures for June delivery settled up $6.40 at $1,309.30 an ounce on the Comex division of the New York Mercantile Exchange. While spot gold rose 0.8 percent at $1,309.84 an ounce.
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Tuesday, 6 May 2014
Gold futures surge on Ukraine issues
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