Gold Climbs for Second Day as Ukraine Tension Spurs Haven Demand
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Gold futures climbed for the second straight day as the standoff between Russia and Ukraine spurred demand for a haven.
Ukraine began military drills as Russian forces tightened their hold on the Crimean peninsula. On March 17, the European Union will discuss harsher penalties, barring “obvious changes in Russia’s actions,” German Foreign Minister Frank-Walter Steinmeier said today. This year, gold has climbed 12 percent amid signs of a faltering U.S. economy and turmoil in Eastern Europe.