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Los Angeles CA, Apr 10 (Tangible Investments) - by James O’Dell - Gold extended gains for a third straight day in overnight trade and at the time of this writing is trading at $1,323.00 an ounce after advancing $4.22 or 0.32 percent to close at $1,311.97 an ounce on Wednesday after the released Fed minutes from the March FOMC meeting suggested that officials would not be increasing interest rates any time soon.
 
"The main takeaway from the meeting minutes is: nothing has changed, any perception of added hawkishness is miscommunication," said analyst Joyce Liu, of Phillip Futures. Rising tensions in Eastern Europe also added to gold's safe-haven appeal. The price of Silver eased $0.20 or 1.00 percent in choppy trade to close at $19.84 an ounce.
 
“Gold is going to rebound some more in the short term,” said Mark To, of Wing Fung Financial Group. “After the Crimea annexation, I think people are more and more concerned that the rest of the Ukraine territory will be in danger somehow,” said To, adding that it would push gold prices higher.
 
Meanwhile, NATO’s top military commander in Europe, U.S. Air Force Gen. Philip Breedlove, said on Wednesday that U.S. troops could be deployed to alliance member states in Eastern Europe as fear of invasion spreads through the region. Gen. Breedlove said that he wouldn’t “write off involvement by any nation, to include the United States.” Russia accused NATO on Thursday of using Ukraine to fabricate an "imaginary threat" and thereby justify the need for the alliance.
 
"The alliance is trying to use the crisis in Ukraine to rally its ranks in the face of an imaginary external threat to NATO members and to strengthen demand for the alliance ... in the 21st century," claimed Russia's foreign ministry, according to a report by Reuters. The ministries' comments came after NATO Secretary General Anders Fogh Rasmussen told Moscow to pull back its troops now massed on the Ukraine border.

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