MarketWatch — Gold futures were on track Friday for a third-consecutive session gain, with escalating pressures between Ukraine and Russia and a broad decline in U.S. equities helping to set prices up for their first weekly gain two weeks.
On Friday, news reports said Ukrainian Prime Minister Arseny Yatseniuk accused Russia of wanting to start a third world war by occupying Ukraine. U.S. President Barack Obama said he would consult Friday with European leaders about the crisis in Ukraine and continued to warn he was prepared to move ahead with more sanctions against Russia.
A rise in U.S. consumer sentiment failed to put a dent in gold prices. Data showed a final April reading of 84.1, the highest reading since July.
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