As Russia ramps up rhetoric that it may disrupt natural gas being sent through Ukraine to Europe, independent metals trader Matt Hoverman says gold could be an indirect benefactor to the move. Should it occur, traders may buy the yellow metal as a safe haven hedge against a broader crisis that could emerge. Hoverman also says that the gold market already factored in the likely June move by the European Central Bank to further cut its main interest rates. The combination of Ukraine/Russia tensions and highly accommodative monetary policy currently leave a floor supporting the gold price.
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