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TANGIBLE INVESTMENTS - Los Angeles - by James O'Dell - The price of Gold dipped in choppy trade on Friday as the yellow metal eased to $1,321.35 an ounce and silver slipped to $21.12 an ounce, as the dollar turned lower against a basket of major currencies, while Gold remains on track for its first back to back monthly gains in seven months. "Gold has been playing its role as a great diversifier," said Axel Merk, of Merk Investments. "This rally is for real." Investor concerns that the U.S. recovery may be losing traction, coupled with turmoil in Ukraine are leading to safe haven buying.
 
Fed Chair Janet Yellen blamed the weather in her testimony to the U.S. Senate Banking Committee on Thursday, for the recent weakness in the U.S. economy. In doing so, many believe that she was signaling that the central bank will likely remain at its current pace in the scaling back of its massive quantitative easing (QE) program. "In general whether it's Ukraine, the U.S. economic data or worries about China, there seem to be a lot more reasons than there were six weeks ago for looking at gold," said Nomura's Tyler Broda.
 
The largest gold ETF saw 10 tons of inflow this month for the first time since December 2012, and that compares with a steady stream of heavy outflow last year, should it continue, and many believe it will, it could portend much higher gold prices.
 
Meanwhile, in Ukraine, acting president Oleksander Turchinov, accused Russia of aggression on Friday, saying Moscow was following a similar pattern to one it followed before war broke out with Georgia in 2008. The Ukrainian currency, the hryvnia, plunged 22 percent against gold this week, as the precious metal climbed from 11,684 hryvnia an ounce on Monday to 14,235 hryvnia an ounce today.
 
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