Spot Gold Prices for 3-16-2014

Hello my name is Chuck Dougherty and this
is the Spot Gold Prices Daily Wrap-up. The Spot Gold prices for Sunday the 16th of
March saw Gold prices opening at around $1,382.00. We saw some reaction Sunday to the Crimean
vote although the results were no surprise to anyone who has been paying attention so
the market reaction was a bit subdued. Most traders are waiting for the aftermath of the
result in the way of sanctions levied against Russia. As shaky as the global economy is
at the moment any large scale sanctions could further destabilize it. After the announcement about what actions
are to be taken we should expect to see the markets react accordingly with many jumping
into gold for additional security. We saw a spike up to the high of around $1,390.10
after the vote but another bout of profit taking pushed gold back down to the low for
the day at around $1381.00. From there we ended the short trading day almost right back
where we started at around $1,381.90 which resulted in a tiny loss in the price of gold
of around $0.10. Thank you for watching this is Chuck Dougherty
and this was the Spot Gold Prices Daily Wrap-up for March 16th, 2014. Please be sure you subscribe and don’t forget
to comment and like us as well. If you need more information on precious metals
be sure you visit our website: See you in the next Gold prices episode! Until
then, take care.

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