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Gold Prices Pop on Fear Ukraine Bonds May Default

Gold prices surge more than 1% on Monday, adding to a rally that has fueled a 7% rise for February. RJO Futures senior market strategist Phil Streible tells TheStreet's Joe Deaux gold is gaining amid strong technical support and fears that Ukrainian bonds may default due to prolonged turmoil in the country. Streible says gold's strong 2014 start could be due for a pullback in the near future. Historically, March is one of the worst-performing months for the yellow metal.