Gold prices pop Wednesday as Russian troops build near Ukraine's eastern boarder. ETF Securities U.S. research director Mike McGlone tells TheStreet's Joe Deaux the Ukraine crisis provides gold luster as a safe haven investment, but also says Chinese economic slowdown concerns add to the price gains. McGlone says if the Ukraine crisis calms down, there is a reasonable chance that gold falls to test the $1,300 an ounce price level. Gold on Wednesday rose as much as $22.

More from Video

Replay: Jim Cramer on the Markets, 10-Year Yield, Oil Prices and Foot Locker

Replay: Jim Cramer on the Markets, 10-Year Yield, Oil Prices and Foot Locker

Video: You Could Live in a Ritz-Carlton or St. Regis Home

Video: You Could Live in a Ritz-Carlton or St. Regis Home

KPMG Chair & CEO: There's No One-Size-Fits-All Approach to Diversity

KPMG Chair & CEO: There's No One-Size-Fits-All Approach to Diversity

Best Buy's Billionaire Founder: We Were 'Late to the Game' in Online Shopping

Best Buy's Billionaire Founder: We Were 'Late to the Game' in Online Shopping

Jim Cramer: Intuit Had a Fantastic Quarter

Jim Cramer: Intuit Had a Fantastic Quarter