Gold goes bonkers — surges after earlier drop
New York (Apr 24) After falling to $1270, gold prices have shot to $1295 in moments. Stocks under pressure, tensions in Ukraine, bonds a bit higher — take your pick.
At this minute spot gold is up $6 at $1294, and silver +25 cents to $12.72, platinum is up $24 to $1412, while palladium jumped $27 to $803.
This dramatic early morning price reversal is mostly due to increased tensions in the Ukraine.