On Sunday evening gold rose by more the twenty dollars to over $1340 an ounce and silver rose to nearly $21.50 as the conflict and violence continues in the Ukraine. Traders worldwide have been reducing their exposure to riskier investments such as stocks amidst the uncertainty of the violence in the region and simmering tension between Barack Obama and Russian President Vladimir Putin, with Russia taking a military stronghold in the Ukraine despite the warnings not to do so from President Obama.
Traders have been shifting assets to safer currencies such as the Japanese yen and Swiss franc as well as moving as expected to both gold and silver. The regional tensions grew even worse as the weekend progressed, with the Ukraine mobilizing for war and Putin claiming the right to invade its neighbor to the West, with the Ukraine of course being a former member of the Soviet Union. […]