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.