14th March 2014
Gold has risen to a six-month high in commodities trading markets today (March 14th), ahead of a planned referendum in Crimea.
Bullion is now on course to record a sixth consecutive weekly advance, which would be its longest run of gains since August 2011.
Since the turn of the year, the precious metal has surged by more than 14 per cent, with the situation in Ukraine further hampering emerging-market assets already weakened by the reductions in the US' quantitative easing stimulus programme.
Earlier this week, data from China showed the country's industrial output and industrial sales figures both came in below estimates, fuelling fears over the stability of the world's second-largest economy.
Gold for April delivery added 0.3 per cent to $1,377.0 per ounce on the Comex division of the New York Mercantile Exchange early in the European trading session - the highest intraday level recorded since September 10th.
Silver for immediate delivery added 0.2 per cent to $21.2241 per ounce, bringing an end to a two-week run of losses.
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