Ukraine Tensions Pulling Short Covering on Gold Futures

Now watching

Next video starts in : 7 Play

Ukraine Tensions Pulling Short Covering on Gold Futures

Ukraine Tensions Pulling Short Covering on Gold Futures
Replay video
Up next

Ukraine warns of potential war with Russia

Unlock your personal NFL Now stream by signing in to NFL.com

Ukraine Tensions Pulling Short Covering on Gold Futures

by TheStreet.com Videos 2:28 mins

Gold prices are looking to book a third-straight trading session as investors test key technical price resistance at $1,315 an ounce. Aurum Options Strategies principal Tom Vitiello tells TheStreet's Joe Deaux that traders who have been shorting the yellow metal are witnessing price increases from investors making safe-haven bets that Ukraine tensions will worsen. The price is hovering near the 200-day moving average, and Vitiello says investors may want to avoid new positions right now.

View Comments (1)