Gold Rises to $1,307.60 per Ounce on Geopolitical Tensions

Gold rose 0.3 percent or $3.92 to trade at $1,307.60 per ounce on Tuesday, having reached a high of $1,312.10 per ounce earlier in the trading day, according to Reuters.

As geopolitical tensions rise in the Middle East and Ukraine, investors are seeking a hedge against risk. Israel destroyed the home of the leader of Hamas, Gaza’s only power plant and many other targets on Tuesday, continuing a conflict that has by now gone on for more than three weeks. However, gains for gold could be measured by an upcoming U.S. Federal Reserve policy meeting and the release of important U.S. data later in the week, according to Reuters.

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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.

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