Gold News & Info

Source: Dr. Bill Musgrave, American Gold Exchange

Austin— Gold extended its rally, climbing another 0.3% to close above $1,312 on flights to safety. The turmoil in the Ukraine that has grown more risky since Russia began amassing battle-ready troops on its border several days ago, possibly poised for invasion. Kiev reported a Ukrainian jetfighter shot down over rebel territory, and Moscow announced a ban on food imports from the U.S. and E.U in retaliation for economic sanctions.

U.S. and global equities rolled back, with the Dow and Global Dow dropping nearly half a percent, as investors shed risk in favor of safe havens. U.S. Treasury bonds rallied alongside gold, pushing yields to a 13-month low.

The other precious metals were mixed on the day. Silver dipped 0.2% while platinum and palladium jumped around 1%.

At the Comex close: December gold added $4.30 to $1,312.50; September silver slipped 4 ents to $19.99; October platinum gained $15.50 to $1,480.70; and September palladium picked up $7.85 to $856.75 an ounce.