Gold Likely to Rise Amid Global Unrest

The price of gold is predicted to climb even higher this month due to continued uncertainties surrounding the Ukrainian crash of Malaysian Airlines flight 17 and the escalation of conflict between Israel and Palestine. Other regional pockets of political unrest in Iraq and Syria have also contributed to investor doubt regarding the strength of the dollar.

Jeffrey Christian, a managing partner of New York-based CPM Group told the news agency Reuters that "[These] regional conflicts all fester without a joint international effort to help resolve them. This means more problems being more difficult to resolve, which probably means that more investors will seek gold as a portfolio diversifier and safe-haven over the next several years than otherwise."

Gold is also expected to rise even further on the back of increased physical demand from India. The country's gold imports rose 65 percent to $3.12 billion last month from $1.89 billion a year ago.