Gold Up Again to $1285 on Softer U.S. Dollar

Gold rose for the third straight day on Thursday as the euro regained strength against the U.S. dollar and tensions between Ukraine and Russia burnished the metal’s safe haven appeal.

Gold added $1.46 an ounce to $1,283.91 by 0026 GMT, moving away from a two-month low of $1,273.06 hit on Aug. 21.  U.S. gold was at $1,285.00 an ounce, up $1.60.

Ukraine accused Russia of launching a new military incursion across its eastern border on Wednesday, as hopes quickly faded that Tuesday’s talks between their two presidents might mark a turning point in a five-month-old crisis.

CNBC

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