Gold Remains Close to $1310 as Geopolitical Concerns Weigh

Gold ended modestly higher on Tuesday, supported after two days of declines by signs that the stand-off between Russia and Ukraine was hurting economic confidence in the euro zone economy.

Analyst and investor morale in Germany, Europe’s largest economy, plunged in August to its lowest level in more than a year and a half as the crisis in Ukraine took its toll, the ZEW monthly survey showed.

U.S. gold futures for December delivery settled 10 cents higher at $1,310.60 an ounce, off a session high of $1,319.30. Spot gold was last up 0.1 percent at $1,309 an ounce.


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.