Gold falls below $US1,300

By Dow Jones newswires

Some investors buy gold on the belief that it will keep its value better during periods of political and economic upheaval. "A lot of people were prepared for those trucks to be the Trojan Horse for Russia," he said, referring to speculation that Moscow was using the convoy to transport weapons for pro-Russian militants. "Instead, you're seeing signs of de-escalation," Mr Klopfenstein said.

Many investors had stocked up on gold in recent days amid speculation that increased Russian troop presence near the Ukrainian border could be a precursor to an invasion, said Adam Klopfenstein, a senior market strategist with Archer Financial Services in Chicago.

Read more here: Business Spectator

    

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>