Gold jumps to 3 week high to $1,326 following rising escalations in Ukraine. Meanwhile both Platinum and Silver and palladium has risen in price.
So far, gold has rallied 11% rebounding from the largest drop in over 30 years, as civil tensions continue in Ukraine and latest data report show a shaky global recovery.
Investors are now concerned that Russia will attempt more take overs as it tries to assert more authority, and this is what is driving the gold price. This has also resulted in the US and EU imposing sanctions on top government officials, businessman and a bank.
Meanwhile palladium has climbed as much as 1.3%, prices have already risen as much as 14% this year following strikes in South Africa which impinges on supply concerns.