{"id":59456,"date":"2014-08-28T08:58:56","date_gmt":"2014-08-28T12:58:56","guid":{"rendered":"http:\/\/countingpips.com\/?p=59456"},"modified":"2014-08-28T09:22:37","modified_gmt":"2014-08-28T13:22:37","slug":"gold-prices-climbs-on-ukraine-tensions","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/08\/gold-prices-climbs-on-ukraine-tensions\/","title":{"rendered":"Gold Prices Climbs on Ukraine Tensions"},"content":{"rendered":"
August 28, 2014<\/div>
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By HY Markets Forex Blog<\/a><\/u><\/strong> <\/p>\n

Gold futures were seen advancing on Thursday, rising for a third day during the European trading session after falling to $1,279.00 earlier in the week. Meanwhile, the tension in Ukraine continues before the release of key European and US data.<\/p>\n

Gold for immediate delivery increased 0.5% higher to $1,289.05 an ounce, according to Bloomberg generic pricing. The yellow metal fell to $1,273.14 on August 21, the lowest since June 18. Meanwhile silver for immediate delivery gained 0.9% to $19.6318 an ounce.<\/span><\/p>\n

Economic Data<\/span><\/h2>\n

A string of economic reports are expected to be release later in the day, which includes the final estimate of the US gross domestic product (GDP) for the second-quarter, with forecasts of a slight drop from the previous level of 4.0% to 3.9%.<\/p>\n

Germany will be posting CPI and unemployment figures for August which could boost gold prices higher.<\/p>\n

On Friday, the US and Europe will be releasing reports such as the European Union CPI, unemployment figures and US personal consumption deflator which represents price growth for personal consumption goods.<\/p>

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Ukraine<\/span><\/h2>\n

The ongoing tensions in Ukraine is expected to boost gold prices higher as US said Russia could be directing a counteroffensive by pro-Russian rebels in Ukraine. According to Jen Psaki, the US State Department spokeswoman, the violence in the eastern region of Ukraine is spreading to the previously peaceful areas.<\/p>\n

Meanwhile, ten Russian soldiers who were recently captured on the Ukrainian boarder were said to have crossed over into the territory \u2018by accident,\u2019 according to Russian military sources.<\/p>\n

“These are not steps you take when you are operating in a transparent manner,” said State Department spokeswoman Jen Psaki.<\/p>\n

“We are also concerned about the Russian government\u2019s unwillingness to tell the truth even as its soldiers are found 30 miles inside Ukraine” she added.<\/span><\/p>\n

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The post Gold Prices Climbs on Ukraine Tensions<\/a> appeared first on | HY Markets Official blog<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

By HY Markets Forex Blog Gold futures were seen advancing on Thursday, rising for a third day during the European trading session after falling to $1,279.00 earlier in the week. Meanwhile, the tension in Ukraine continues before the release of key European and US data. Gold for immediate delivery increased 0.5% higher to $1,289.05 an […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-59456","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/59456","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=59456"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/59456\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=59456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=59456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=59456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}