Gold falls from 4-month high since Russia military training ends

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Source: Bloomberg
© FP

Gold dropped from the strongest level in four months when a report showed the Russia military trainings ended in its western region, thus lowering haven demand. Bullion gained 2.1% yesterday since Ukraine stated there was an order from Russia to Ukrainian warships in Crimea to capitulate. Gold for immediate delivery dropped 0.8% to $1.339.25 an ounce after reaching to $1.354.87, the highest level since October 30. Gold added 11% for a year, since the forecast of slowing economic growth strengthened demand.

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Tue, 04 Mar 2014 14:06:57 GMT

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