Gold Posts Fifth Straight Weekly Gain On Crimean Turmoil Tangible Investments and GoCoins.com buy and sell rare coins, precious metals, fine art and jewelry.   BBB - Better Business Bureau
 info@gocoins.com Tangible Investments, LLC. | 1910 S Coast Hwy | Laguna Beach, CA 92651 facebook twitter YouTube LinkedIn Google+ Instagram Pinterest Email  
Gold Posts Fifth Straight Weekly Gain On Crimean Turmoil
Posted March 10th, 2014

Los Angeles CA, Mar 10 (Tangible Investments) - by James O’Dell - Precious metals prices turned lower on Friday with gold easing $10.53 or 0.78 percent to finish the week at $1,339.47 an ounce, as the precious metal posted its fifth straight weekly gain while the crisis in Ukraine continued to escalate. The price of Silver dipped $0.57 or 2.66 percent to end the week at $20.86 an ounce.
 
The Commodity Futures Trading Commission (CFTC) reported on Friday that for a fourth week in a row, hedge funds and money managers raised their bullish bets in paper gold (gold futures and options). Exchange traded products (ETPs) are also showing signs of stabilizing, said Barclays.
 
The bank noted an inflow of 2.4 metric tons into ETPs last week, which saw their first monthly inflow since 2012, just last month. “Without the hefty net outflows, prices are more likely to find better support on the downside,” said Barclays. Analysts blame the sharp decline in gold ETP holdings last year for much of the retreat in the gold price.
 
Meanwhile, the geopolitical climate in Eastern Europe is heating up, and continues to underpin the price of gold, as rallies turned violent in Crimea on Sunday, just days before a referendum will determine whether Crimea secedes from Ukraine and joins Russia. The German government called the Crimean referendum illegal, and said that it would not be recognized internationally.
 
Germany's Chancellor Merkel warned that if there continues to be no progress made in negotiations, the European Union (EU) could begin imposing sanctions on Russia, like visa restrictions and asset freezes. Secretary of State John Kerry, cautioned Russia on Saturday to exercise restraint. "He made clear that continued military escalation and provocation in Crimea or elsewhere in Ukraine, along with steps to annex Crimea to Russia, would close any available space for diplomacy, and he urged utmost restraint," said a U.S. official.
 
Preserve your wealth and secure your retirement by making a tangible investment in physical Gold and Silver in 2014. Call Toll Free 1.800.741.5014 and allow the friendly staff at Tangible Investments (learn about us here), owned and operated by world-renowned coin expert Silvano DiGenova, to assist you in your next purchase or sale. We hope you will share our site with your friends on Twitter and Facebook, but whatever you do, don't leave the site before claiming your Free Coin.



Gallery or Rarities

View our Selection of Rare Coins

Why Choose Tangible Investments?
Contact Form
Name*

Email*

Message


CAPTCHA Image   Reload Image
Security Code*
Subscribe to Our Newsletter
Professional Memberships
Professional Memberships BBB - Better Business Bureau ICTA - Industrial Council for Tangible Assets NGC - Numismatic Guaranty Corporation PNG - Professional Numismatic Guild ANA - American Numismatic Association PCGS - Professional Coin Grading Service
Follow Us
facebook
twitter
YouTube
LinkedIn
Google+
Instagram
Pinterest
Email
Contact Us
Call: 888.655.9255
Email: info@gocoins.com

Hours of Operation
Monday - Friday 10 AM to 5 PM
Saturday 10 AM to 4 PM
Sunday Closed

Huntington Beach:
16121 Beach Blvd.
Huntington Beach, CA 92647

Laguna Beach:
1910 S Coast Hwy
Laguna Beach, CA 92651

Click Here for Directions
Click Here for Directions
HOME      ABOUT US      BUY FROM US      SELL TO US      LOANS      CONSIGN/AUCTION      SERVICES      MEDIA      CONTACT US
Copyright © 2020 Tangible Investments, LLC. All Rights Reserved. Privacy Policy | Terms & Conditions 
PCGS CO-FOUNDER - MORE THAN $2 BILLION TRANSACTED - 200 YEARS COMBINED EXPERIENCE
Coins & Currency - Gold - Silver - Platinum - Watches - Jewelry
Tangible Investments, LLC. | 888.655.9255 | info@gocoins.com
Huntington Beach: 16121 Beach Blvd. | Huntington Beach, CA 92647
Laguna Beach: 1910 S Coast Hwy | Laguna Beach, CA 92651