The price of gold rose to its highest level in more than eight months as fears of heightened geopolitical tensions fueled demand for safe haven assets.
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The gold markets have been all over the place on Monday, as we continue to see a lot of geopolitical concern near the Ukraine/Russia border.
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By the end of last week's trading, gold futures struggled to stay above the critical $1900 resistance level.
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The gold markets initially drifted lower during the course of the session on Friday but found plenty of buyers as we head into the weekend.
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Gold markets have gone parabolic during the session on Thursday as the markets slammed into the $1900 level.
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Gold prices rose today as the dollar weakened although higher US interest rates are still looming.
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Gold markets rallied on Wednesday to threaten a major breakout once again.
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Global fears of the consequences of a Russian military action in Ukraine increased the demand of investors to buy safe havens, gold, most notably.
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Gold markets tested the crucial $1880 level on Tuesday but pulled back rather significantly.
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Gold futures are trading at their best in three months as investors monitor the border crisis between Ukraine and Russia.
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Gold futures took off immediately on Monday, gapping much higher.
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The price of gold moved strongly upwards, reaching the resistance level of 1865 dollars an ounce, starting from the level of 1821 dollars an ounce on Friday
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Gold markets exploded to the upside on Friday as late-day rumors have hit the markets of Vladimir Putin already deciding to invade Ukraine.
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Gold markets have been out of control during the trading session on Thursday, after the CPI numbers came out much hotter than anticipated in the United States.
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Gold futures settled on the rise, achieving gains for the fourth consecutive session.
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