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OT: Gold Jumps To 3-Week Highs, EUR Fades As Tensions Rise In Ukraine

posted on Apr 13, 2014 09:34PM

Gold Jumps To 3-Week Highs, EUR Fades As Tensions Rise In Ukraine

04/13/2014

Early weakness in US equity futures was rescued when Asia opened and JPY was mysteriously bid but it's fading back now as the UN session escalates into he-YouTube'd-she-YouTube'd. The bigger moves on the night so far are gold (which jumped back over $1325 and 3-week highs) and EUR which fell around 40 pips to 1.3850. We suspect as Ukraine's red-line deadline draws near the bid for safe-havens may accelerate somewhat.