Battle Between Ukraine and Russia Affect Precious Metals

By: AP Email
By: AP Email

Associated Press - Rising tensions between Russia and Ukraine are pushing up prices for gold, platinum and palladium.

U.S. officials said Friday that Russian fighter jets had flown into Ukrainian airspace several times over the last 24 hours. At the United Nations, Ukraine's deputy foreign minister told reporters that he fears a Russian invasion is imminent.

Gold for June delivery rose $10.20 to $1,300.80 an ounce. Traders often shift money into gold in anticipation of a crisis.

Palladium for June surged $8.90, or 1 percent, to $811.20 an ounce. Platinum for July climbed $14.70 to $1,424.30 an ounce.

The threat of sanctions against Russia, one of the world's top producers of both palladium and platinum, has started to drive up prices for the metals.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KOLO-TV 4850 Ampere Drive Reno, NV 89502
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 256777221 - kolotv.com/a?a=256777221