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ZOID RESEARCH 19-AUGUST-2014 : GOLD

by Tanisha joshi 10:48 PM 0 comments
Spot gold prices declined around 0.5 percent yesterday as the threat of an escalation of tensions in Ukraine appeared to fade for now, and a rally in global equity markets and strength in the dollar sent bullion prices below $1,300 an ounce.

Equity markets got a boost after Russian Foreign Minister Sergei Lavrov said all issues around a humanitarian convoy sent by Moscow to relieve needy areas of eastern Ukraine had been resolved.Moscow said it would like a ceasefire to allow aid to get to people trapped by the fighting.

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