1.) Gold WarA day earlier, gold fell to a two-and-a-half month low of $1,261.90 amid confusion over whether Ukraine and Russia had reached a ceasefire agreement in eastern Ukraine.

Ukraine's President Petro Poroshenko said he had agreed on a "permanent ceasefire" in eastern Ukraine with Russian President Vladimir Putin.However, a spokesman for President Putin subsequently said he had not agreed to a ceasefire as Russia was not party to the conflict.Gold futures closed near a three-week low on Monday, tracking a steep decline in crude prices as an Israeli-Hezbollah cease-fire came into effect and the British government downgraded its terror threat.James Moore, analyst at the TheBullionDesk.com, said the reduction of safe-haven concerns following the cease-fire may be offset by other worries."With Iraq still on the verge of civil war, and Iran and North Korea's nuclear policies a cause for concern, geo-political tensions are still extremely high, with some investors likely to view gold's current dip as a good area to enter the market," he said.

Effect of war on gold:Obama said it was too early to tell what the announcements Wednesday from Ukraine and Russia meant. He noted previous unsuccessful cease-fire attempts and questioned whether the separatists would abide by a new cease-fire.We havent seen a lot of follow-up on so-called announced cease-fires, Obama said.Many analysts believe the gold price will climb as investors turn to it as a safe-haven in times of geo-political crisis

The worseningcrisis in Ukrainesees the price of commodities such as wheat and crude oil rising, but there has been a corresponding decrease in the value of gold. The announcement of the ceasefire sent the price of gold down slightly, only to rise again after the Kremlin denied any deal on a cease fire in Ukraine.

Read more:http://www.digitaljournal.com/business/business/gold-prices-rise-with-news-of-ukraine-ceasefire/article/401148#ixzz3COKLC62I2.) EmploymentThe next likely indicator of gold values will be U.S. nonfarm payroll data. This data is key to judging the U.S. economys standing. If the payroll data is strong, the Federal Reserve is expected to continue easing its monetary stimulus program. Scaling backthis programhas caused a drop in gold prices in the past.

Read more:http://www.digitaljournal.com/business/business/gold-prices-rise-with-news-of-ukraine-ceasefire/article/401148#ixzz3COKeJJxz

3) Low supply of old