LCU:Gold Inches Higher Near USD1,300 As Ukraine Roils
WASHINGTON (Alliance News) - Gold prices are up Monday morning on safe-haven amid persisting worries about the unrest in Ukraine, where pro-Russian separatists in claimed victory in a secession referendum.
Gold futures for June are up USD7.10 or 0.55% at USD1,294.70 an ounce.
On Friday, gold futures ended marginally down at USD1,287.60 an ounce on Friday. For the week, gold lost 1.2%.
Silver for July is up USD0.302 or 1.58% at USD19.423 an ounce. Meanwhile, copper is up USD0.069 or 2.25% at USD3.152 per pound.
On the economic front, the US Treasury's April budget statement will be out at 2 pm ET.
Retail sales for April will be reported on Tuesday before updates on inflation, housing starts and building permits later in the week.
