Far from coming to an end the Ukraine crisis could be far from over and as the West and Russia are embroiled in accusation and counter-accusation over the downing of Malaysia Airlines Flight MH17, the potential for escalation is perhaps getting more serious by the day. It has brought a safe-haven focus back into the gold market which is probably likely to remain given Ukraine is not the only major flashpoint of worry with Syrian, Iraqi and Israeli/Gaza (Hamas) conflicts all raging and building up deep-rooted concerns and polarisation amongst those affected. Violence may well not offer solutions to these deep-seated problems but can only intensify hatreds amongst those innocents affected.
NEW YORK/LONDON, July 21 (Reuters) - Gold rose above $1,300 an ounce on Monday as U.S. equities slipped and political tensions simmered after the shooting down of a passenger plane in eastern Ukraine last week and incessant fighting in Gaza.
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