Gold traded above the lowest price in more than two weeks in New York as investors weighed tension over Ukraine against signs of an improving U.S. economy.
Data today may show a U.S. manufacturing gauge expanded after a report yesterday showed the Conference Board’s index of leading indicators rose the most in four months. Gold ended a 12-year bull run in 2013 on expectations the Federal Reserve would reduce stimulus as the world’s largest economy recovers.
Bullion slipped 7.3 percent since reaching a six-month high on March 17, when the Ukraine crisis spurred demand for a haven. An agreement to ease tensions showed signs of crumbling as the U.S. and Russia traded blame, while Vice President Joe Biden was meeting government leaders in the Black Sea country.