03/12/2014
Gold rose to its highest level in nearly six months Wednesday on the combination of geopolitical tensions surrounding Ukraine, worries about bond defaults in China and technically oriented buying.
As of 9:23 a.m. EDT, gold for April delivery was $17.90, or 1.3%, higher at $1,364.60 per ounce on the Comex division of the New York Mercantile Exchange. It peaked at $1,367.30 an ounce, its strongest level since Sept. 20. May silver was up 25 cents, or 1.2%, to $21.065 an ounce.