Gold prices are climbing on Monday as tensions in Ukraine drive demand for safe assets. Spot gold climbed 1.9% to $1,350.80 an ounce, its highest level since October 30, while silver rose 1.6% to $21.51 an ounce. This, after the White House said the Group of Seven industrialized nations spoke out against Russia’s actions against Ukraine and suspended plans for the G8 Summit, which was set to take place in Sochi in June. Meanwhile, the escalating conflict also drove up crude oil prices.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
