Associated Press
May 2, 2014

Gold prices surged Friday as tensions mounted in Ukraine.

Credit: tao_zhyn / Flickr
Credit: tao_zhyn / Flickr

Gold for June delivery climbed $19.50 to settle at $1,302.90 an ounce. Silver for July jumped 50 cents to $19.55 an ounce.

Early Friday, the Ukrainian government launched what appeared to be its first major offensive to regain control of an area held by pro-Russian separatists.

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