The price of gold is rising in price amid tensions in eastern Ukraine , where the weekend went to vote on the establishment of the independent republics . However, neither the authorities of Ukraine, nor the Western countries do not recognize the outcome of the "referendum" .

Ukrainian crisis could have negative consequences for the global economy , I'm sure the director of the International Monetary Fund (IMF) Christine Lagarde . It encompasses the risks " that are very difficult to measure and that can unpredictably affect other countries," she said in an interview with the German newspaper Handelsblatt.

The conflict around the Ukraine , according to Lagarde , will have a negative impact on international trade, foreign investment , as well as to international capital flows and supply in Europe.

At the same time the head of the organization said that Ukraine needs financial assistance in excess of $ 17 billion , which has already promised to the IMF. Kiev should support foreign governments and other financial institutions , said Lagarde . The international community has " absolutely no other choice ."

The cost of the June gold futures on the COMEX today rose to a high of $ 1304.50 .