Gold near a week high due to tensions in Ukraine

Source: Bloomberg
© Scanpix/AFP
Gold traded just below its highest in a week as the tensions in Ukraine have increased the demand for the safe-haven. With the prices rising 0.6% for the week the spot rate for the precious metal was $1,289.03 an ounce, which is a bounce back from its lowest in two months of $1,273.14. Meanwhile, the spot rate for platinum was lower at $1,425.18 an ounce and it was heading toward another monthly drop.
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