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Gold Trades Sideways as Diplomacy Attempts to Quell Ukraine Protests

Joe Deaux
4/17/14 1:15 PM EDT
Ukraine, Russian and Western diplomats convene in Switzerland to discuss rising pro-Russian protests in Ukraine. Despite growing worries of greater unrest in Ukraine, gold prices remain little changed, suggesting that the yellow metal hasn't received safe-haven status from investors. Kitco.com senior analyst Jim Wyckoff says he is surprised gold hasn't risen on the event, but he does say it is preventing more selling. Wyckoff says come Monday, gold prices could jump as Ukraine events develop.
Stocks in this video: GLDIAUSGOL

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