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Some analysts say benchmark gold prices could surge above $2,000 an ounce as the Ukraine crisis unfolds. Others predict rising interest rates will dull the precious metal's luster. (Source photo by Reuters)
Market Spotlight

Gold price swings as Ukraine crisis sharpens market divide

Bulls say the metal is a safe haven but bears point to rising interest rates

RURIKA IMAHASHI, Nikkei staff writer | North America

TOKYO -- The crisis over Ukraine pushed gold to a one-year peak last week before a sharp reversal, and the price volatility widened a gulf between bulls and bears of the precious metal that has been growing for months.

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