Gold Prices Pop as Russian Troops Build Near Ukraine Border
Gold on Wednesday rose as much as $22 as the Ukraine crisis and concerns of a Chinese economic slowdown provide gold luster as a safe haven investment.
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.
