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Hello my name is Chuck Dougherty and this is the Spot Gold Prices Daily Wrap-up.
The Spot Gold prices for Sunday the 2nd of March saw Gold prices opening at around $1,326.90.
Generally gold trading isn't quite so active on a Sunday but this time thanks to more global
turmoil with the trouble in the Ukraine with Russia, it was a busy short trading day. Prices
rose right from the start up to the high of around $1,343.00 and from there we finally
ended the short trading day at around $1,341.40 which resulted in a nice gain in the price
of gold of around $14.50.
How long and how much the issues in the Ukraine will continue to move gold prices will be
up to Russia and the West. If this situation drags on the safe haven demand of gold will
remain strong and keep prices rising although another round of profit taking could be in
the near future.
Thank you for watching this is Chuck Dougherty and this was the Spot Gold Prices Daily Wrap-up
for March 2nd, 2014.
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See you in the next Gold prices episode! Until then, take care.