Gold Trade Silent as Ukraine Crisis Offsets European Stimulus
Gold prices are little changed going into the weekend as worries about Ukraine and Russia tensions are offset by the prospect of economic stimulus in Europe. Safanad chief investment strategist John Rutledge tells TheStreet's Joe Deaux that prices likely won't move in a meaningful direction in the near term as developments in global events continue on a sluggish path. Rutledge says the next change in gold's fundamentals may have to wait for when the Federal Reserve begins to unwind its asset purchases from years of monetary stimulus. But, Rutledge says. such an event could be many years from now
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