Gold Futures Climb as Violence in Ukraine Boosts Demand
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Gold futures rose for a second straight session as fighting between Ukrainian forces and rebels increases demand for the precious metal as an alternative investment.
The U.S. will impose more sanctions on Russia after the European Union decides on its actions, President Barack Obama’s deputy national security adviser said today. International pressure mounted on Israel to end its three-week offensive in the Hamas-controlled Gaza Strip. Tension in the Middle East and Ukraine helped boost gold 8.6 percent this year.