Gold falls as tensions in Ukraine ease

By The Associated Press | Posted - Mar. 4, 2014 at 1:51 p.m.



This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

NEW YORK (AP) — The price of gold is falling on tentative signs that Russia is not seeking to escalate the conflict in Ukraine.

Gold is reversing its gains from Monday, when it jumped to a four-month high as investors sought safe assets as tensions escalated over Russia sending troops into Ukraine.

Gold for April delivery fell $12.40, or 0.9 percent, to $1,337.90 an ounce Tuesday.

Silver also dropped, while copper, platinum and palladium gained.

In trading of agricultural commodities, wheat, corn and soybean futures all rose.

The price of oil dropped sharply after a big jump the day before on concern that Russia's military advance into Ukraine could result in economic sanctions against the country. Russia is one of the world's biggest exporters of oil.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

The Associated Press

    SIGN UP FOR THE KSL.COM NEWSLETTER

    Catch up on the top news and features from KSL.com, sent weekly.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast