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Gold traded in a narrow range amid a lack of macroeconomic data from the U.S., while investors continue to monitor the situation in Ukraine.
Gold prices rose in recent months against the backdrop of escalating conflict between the Ukrainian military and pro-Russian separatists, located in the east of the country. What happened recently Malaysian Airlines plane crash in eastern Ukraine increased investor interest in gold as a safe haven against the backdrop of geopolitical tensions. Authority of the West think that the plane was shot down by pro-Russian separatists.
Tuesday train human remains after the collapse of the Malaysian ship arrived in Kharkov, Ukrainian-controlled central government. Pro-Russian militia handed Malaysian officials "black boxes", that is the flight recorders.
"However, since no applications have been received from Moscow, and the Russian military are still at the Ukrainian border, probably (for Russia) will introduce new sanctions" - written by Liz Grant, Senior Sucden Financial, in a note to clients .
EU finance ministers on Tuesday tightened sanctions against Russia and threatened restrictions on trade and other military equipment, unless Moscow will cooperate and do not flatten the conflict.
The cost of the August gold futures on the COMEX trading today in the range of $ 1305.10 - $ 1311.80 per ounce.
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