Gold rebounded back from its one month low as top world leaders announced the G8 summit will not be held at Sochi but will be held at Brussels instead.  Prime Minister David Cameron commented that “Frankly it is Russia who needs to change course”.  This continued tension has had the effect of increasing gold’s demand as a safe haven asset, as gold rose 9% so far on signs of a struggling global economy and the tension between Russia and Ukraine and now to some extent the US.