(Reuters) – Stocks ended down on Tuesday, nose-diving in the afternoon as concerns mounted over escalating tensions in Ukraine. Bullion prices turned higher after Polish Foreign Minister Radoslaw Sikorski said Russia has gathered military forces at the border with Ukraine either to put pressure on the neighboring country or to enter it.
Recent U.S. data pointing to strengthening economic activity has weighed on gold’s appeal as a hedge for investors.
In the retail gold market, private-investor sentiment toward the metal in July recovered from the previous month’s four-year low on rising geopolitical tensions, said a survey by an online precious metals dealer.
See full story on reuters.com
Photo courtesy of reuters.com