Gold jumps and rises further after plane crash

FXStreet (Córdoba) - Gold was rising on Thursday, trading near $1,310/oz but after the plane crash in Ukraine jumped to $1,323.50 reaching the strongest level since Monday.

Afterwards retreated and was trading at $1,315, up almost $20 from yesterday's closing price. The yellow metal is rising for the second day in a row after bottoming at the beginning of the week at $1,291.

Despite soaring on Thursday XAU/USD is still below the price it had last Friday but has trimmed losses. On Monday the ounce was trading at $1,336 but then fell sharply.