Gold climbed to its highest in 1-1/2 weeks on Monday, as weaker equities and escalating geopolitical tensions in Ukraine boosted the metal’s safe-haven appeal. Spot gold rose 0.06 percent to $1,303.60 an ounce by 0024 GMT, after earlier hitting $1,305.11 – its highest since April 16.
Pro-Russian rebels paraded European monitors they are holding in eastern Ukraine, freeing one but saying they had no plans to release another seven as the United States and Europe prepared new sanctions against Moscow.
U.S. President Barack Obama called for the United States and Europe to join forces to impose stronger measures to restrain Moscow.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.