Thursday, June 19, 2014

Gold and silver

Gold and silver also got a boost from continued violence in Iraq, as well as rising tensions between Ukraine and Russia. Workers at Iraq's largest refinery said Thursday that rebels had taken over most of the facility, in what has become a test of Baghdad's ability to protect a pillar of the country's oil-rich economy from a Sunni Muslim insurgency. In Ukraine, a NATO official said the alliance is seeing a buildup of Russian troops near the country's border, describing the development as a "very regrettable step backwards." Some investors buy gold in times of economic or geopolitical uncertainty, believing the metal will hold its value better than other assets.