NATO said there’s a risk of Russia sending troops into Ukraine under the “pretext” of a humanitarian or peacekeeping mission after President Vladimir Putin massed soldiers on his country’s western border.
Gold reached the highest price in three days in New York, after the first back-to-back weekly declines since May, as investors weighed unrest in Ukraine and the Middle East against signs of a stronger U.S. economy.
Ukraine sent additional police forces into eastern regions after pro-Russian protesters seized government buildings. In the U.S., technology stocks from Google Inc. to Yahoo Inc. rallied more than 2% after a three-day selloff
Hedge funds cut wagers on a gold rally for the first time in three weeks on mounting speculation central banks will curb record stimulus and as this year’s slump in bullion spurred losses for billionaire John Paulson.
Gold and silver futures rebounded after Moody’s Investors Service said U.S. policy makers must address debt woes to avoid a credit-rating downgrade this year, boosting the appeal of the metals as a haven.