Gold futures rose for the third time in four sessions as...

  1. Gold futures rose for the third time in four sessions as mounting tension over Ukraine boosted demand for haven assets.

    Gold for August delivery rose 0.3% to settle at US$1,313.90 an ounce. U.S. Secretary of State John Kerry said yesterday that circumstantial evidence suggests Russia provided the missile that Ukrainian rebels used to shoot down a Malaysian Airlines passenger plane.

    European Union foreign ministers meeting in Brussels tomorrow will consider tougher sanctions on Russian individuals and companies.

    In other metals, September silver tacked on nearly 0.6% to end at US$21.01 an ounce.

    October platinum rose 0.2% to settle at US$1,493.40 an ounce, while September palladium lost 0.5% to US$877.15 an ounce.

    High-grade copper for September delivery gained 0.6% to end at US$3.20 a pound.

     

 
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