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Gold Futures Decline From 17-Week High as Ukraine Tensions Ease

Gold futures fell from a 17-week high as demand for a haven eased after Russian President Vladimir Putin said that there’s no immediate need to send troops to Ukraine. Palladium jumped.

In his first public remarks since Russian forces increased in the Crimean peninsula in southern Ukraine, Putin reserved the right to use force to protect ethnic Russians. Gold rose as much as 2.5 percent yesterday as tensions escalated. U.S. Secretary of State John Kerry arrived in Kiev to present a financial-aid package to the interim government.