Fueling the bets on safe-haven gold, Russian forces have been tightening their hold over Crimea as the aggressor largely ignores international penalties. [Safe-Haven ETFs for Times of Turmoil]
“The Ukraine matter is still a worry among traders and investors, and has moved closer to the front burner of the marketplace,” Jim Wyckoff, a senior analyst at Kitco Metals Inc., said in a report. “The Russian occupation of Crimea is a bullish factor for the safe-haven gold market.”
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