Gold Hits $1360 on Safe-Haven Demand

Gold held on to overnight gains on Wednesday to trade near its highest in four months, as global uncertainty over economic growth and tensions in Ukraine burnished the metal’s safe-haven appeal.

Spot gold eased 0.1 percent to $1,347.40 an ounce by 0027 GMT, after gaining 0.8 percent on Tuesday.

Ukraine’s government appealed for Western help on Tuesday to stop Moscow annexing Crimea but the Black Sea peninsula, overrun by Russian troops, seemed fixed on a course that could formalize rule from Moscow within days.

CNBC

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