The price of gold fell by 20 percent over the last 12 months, the business website parkiet.pl reports. Market watchers point out, however, that the Russia-Ukraine conflict drove gold up during the first three months of the year. The price jumped 14 percent at the beginning of March in response to the unstable political situation on the Crimea peninsula. “This significant jump resulted in a correction in the second half of March, which pulled the price of gold down by 7 percent at the end of last month,” said Bartosz Sawicki, head analyst at TMS Brokers. “Global geopolitical conflicts have been pumping up the price of gold. As a result, we saw a strong sell-off this year, with the price of gold dropping from $1,400 for an ounce to nearly $1,300 per ounce.”
