Gold Prices Take Slight Climb Over Tension in Ukraine

Gold prices slightly moved up on Wednesday morning due to lingering concerns about the conflict in Ukraine.

As mentioned by Reuters:

The yellow metal was under pressure earlier after Russian President Vladimir Putin said on Wednesday a deal to end fighting in eastern Ukraine could be reached this week. However, Ukraine’s prime minister later rejected Putin’s proposals, saying they were an attempt to deceive the West on the eve of a NATO summit.

Muted response from physical buyers despite Tuesday’s 1.7 percent drop and heightened geopolitical tensions suggested gold’s upside could be limited, analysts said.

Edel Tully, a precious metals strategist at UBS, said:

We believe the lack of physical demand makes gold more vulnerable to the downside should U.S. employment data surprise on the upside this Friday

Click here to view the full article.

Get the Latest Gold Investing Stock Information

Get the latest information about companies associated with Gold Investing delivered directly to your inbox.

Gold Bullion
Gold Production/Mining
Gold Project Generators
Gold Prospecting and Exploration
Gold Resource Definition/Pre Feasibility
Gold Resource Expansion/Feasibility Study/PEA

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

Nexus-Gold-Big-e1418932141286

Nexus Gold Corp.

Nexus Gold Corp. (TSXV:NXS) is currently drilling on the Walker Ridge Gold Project in Nevada - a multiple target, Carlin-type gold exploration property. They have recently submitted an expanded Plan to increase the current 8 pad plan to 29 drill pads.

Connect here and don't miss their next catalyst!

Learn More
Comments

Leave a Reply