Graniteshares Gold Trust ETF News

Bitcoin back under $40K Fitch on how Russia could default on bond payment due today, Wednesday 16 March 2022 Gold - $1914 eyed as a key level Japan PM Kishida will hold a press conference at 10 GMT Bitcoin jumps back above $41.5K China COVID-19 cases today just above 3K vs.

So Many Russians Are Buying Gold That Central Bank Halts Bank Purchases Russia''s central bank announced that it will suspend purchases of gold from banks due to overwhelming demand from households, Reuters reports. The purchasing pause will take effect Tuesday with no end date set. "Currently, households'' demand for buying physical gold in bars has increased, driven, in particular, by the abolition of value-added tax on these operations," reads a statement from the central bank. On Feb. 28, the central bank raised the key rate from 9.5% to 20% as the ruble crashed to record lows amid the Kremlin''s so-called "special operation" in Ukraine. The announcement is a flip-flop from a February announcement that the financial authority would resume gold purchases after commercial banks were hit with Western sanctions in response to the invasion. "With the goal of diversifying the central bank''s reserves, at the moment there is no sense in building up reserves in gold," according to VTB analysts, who added that the banking sector''s structural liquidity deficit had contracted to under 4 trillion rubles (US$36 billion), down from a record 7 trillion rubles.

The price of ten gram of 24-carat gold decreased by Rs 500 on Wednesday to Rs 51,930, while the rate of silver decreased by Rs 1,000 per kg to Rs 69,000

Gold has continued lower as a combination of commodity withdrawal, rising rates and a strengthening USD undermine it. Can XAU/USD find some footing?

Gold (XAU/USD) portrays the fourth consecutive daily loss near $1,917 while poking the monthly low, despite being inactive during Wednesday’s Asian se

Gold prices drifted lower on Tuesday, extending losses to a third straight session, amid a surge in U.S. Treasury yields ahead of the Federal Reserve''s monetary policy announcement, due on Wednesday. The Federal Reserve is widely expected to raise its benchmark interest rate target range by a quarter of a percentage point when it announces its interest-rate decision on Wednesday. In geopolitical news, the prime ministers of Poland, the Czech Republic and Slovenia are scheduled to meet with Ukraine''s president Volodymyr Zelenskyy in Kyiv at 18:00 GMT, according to reports. The dollar, which eased in the Asian session, stayed weak till about noon before edging up marginally. The dollar index is hovering around 99.10, up 0.1% from the previous close. The index touched a low of 98.64 in the Asian session. Gold futures for April ended down by $31.10 or about 1.6% at $1,929.70 an ounce, the lowest settlement in nearly two weeks. Silver futures for May ended lower by $0.140 at $25.158 an ounce, while the Copper futures for May settled at $4.5130 per pound, down $0.0100 from the previous close.

Nearly ten months since the mysterious disappearance of 4.9kg of gold from a car confiscated by the Yamakanamardi police in Belagavi, a breakthrough that could lead to the recovery of the gold continues to prove elusive.

As of 3:40 PM, EST gold futures basis the most active April 2022 Comex contract continues its steep decline currently down $43.50 or 2.22%, and is fixed at $1917.50.

The key area is the potential support cluster at $1899.80 to $1880.60. Since the main trend is up, buyers could return on a test of this zone.

In a highly unusual diversification move, AMC Theatres (AMC) is taking a 22% stake in gold and silver miner Hycroft (HYMC).

Indices in the United States were higher on Tuesday, as markets anticipated tomorrow’s FOMC meeting. It is expected that the Fed will increase interes

Ethereum Classic (CRYPTO: ETC ) was trading flat on Tuesday, in line with Bitcoin (CRYPTO: BTC ) and Ethereum (CRYPTO: ETH ), which were muted as the cryptocurrency market appeared to await the release of the Federal Reserve’s monthly minutes on Wednesday at 2:00 p.m. The central bank is widely expected to raise the interest rate by 25 basis points, in an effort to combat soaring inflation, but if the fed decides to hike rates higher or leave the interest rate at zero, the crypto sector and general markets could react wildly. The Russia-Ukraine crisis has also weighed heavily on investors, with at least some preferring to hold cash positions until geopolitical risks lessen and others piling into gold , which is considered the more traditional safe-haven asset. The crypto sector has become frustrating for bullish investors because it now appears to have entered into a long-term bear cycle, with little indication of direction … Full story available on Benzinga.com

International sanctions against Russia have had a devastating impact on Central Asian economies, and Kazakhstan is racing to mitigate the damage through a ban on currency and gold exports

The gold price is down 1.5% at the time of writing after falling from a high of $1,954.72 to a low of $1,907.08, slipping below a critical level on th

The Fed is expected to raise rates by 25-basis points