Graniteshares Gold Trust ETF News

Wall Street stocks finished lower overnight, as the conflict in Ukraine pushes up the price of oil, nickel and gold. The ASX 200 is down approximately 0.7 per cent in early trade after international markets fell 1.5 to two per cent overnight. The war in Ukraine is boosting the prices of commodities, particularly oil, which rose by eight per cent to $US106 a barrel. Thermal coal prices are also expected to rise – and fossil fuel is already at a record price of $US256 a ton.

KARACHI: Gold rates in the local market went up by Rs150 per tola on Tuesday.According to data released by All Sindh Saraf Jewelers Association , gold rates in the local market moved up to Rs128,750 per tola. Similarly, 10-gram gold price also increased by Rs128 to Rs110,382.In the international…

NYSE: VZLA TSX-V: VZLA VANCOUVER, BC , March 1, 2022 /CNW/ - Vizsla Silver Corp. (TSXV: VZLA ) (NYSE: VZLA ) ( Frankfurt : 0G3) (" Vizsla " or the " Company ") announces a restated maiden mineral resource estimate (the "Resource Estimate") for its flagship, 100% owned Panuco silver-gold project (the "Project" or "Panuco") located in Sinaloa, Mexico . "Vizsla Silver is retracting the maiden resource estimate published on February 28 th and restating it in today''s release," commented Michael Konnert , President and CEO. "An internal review of the estimate identified a miscalculation made by an independent consultant in the conversion of lead and zinc grades into the silver equivalent calculation. This in-turn lifted lower grade zones above the economic cut-off, adding tonnes to the resource but lowering the overall grade. Today''s restatement corrects this, and the resource remains extremely robust. Vizsla management acknowledge and apologize for the miscalculation and will publish data along with the technical report within 30 days to allow investors to independently confirm the resource estimate.

A flight to safe-haven assets by market participants is a direct result of the Russian invasion and rising inflation levels, with gold prices continuing to move higher in an almost parabolic fashion.

The major market benchmarks opened lower and losses accelerated amid reports that Russia is targeting civilian areas in Ukraine, including Kharkiv, the country''s second-largest city. Additionally, after warning of "high-precision strikes," Russian forces on Tuesday hit a TV tower in Kyiv. "The crisis in Ukraine is evolving rapidly, and with it so are investor expectations for international relations, commodity prices, inflations, the corporate operating environment and company margins," says Lauren Goodwin, economist and portfolio strategist at New York Life Investments. SEE MORE 7 Energy ETFs for Rising Oil & Gas Prices "As the crisis unfolds, equities could bounce if developments point to contained conflict and lighter sanctions, while equities could deteriorate in moments of escalation." Today, stocks crumbled as the attacks intensified, with financials (-3.7%) the worst-performing sector amid notable losses in blue chips American Express ( AXP , -8.5%), Goldman Sachs ( GS , -3.2%) and JPMorgan Chase ( JPM , -3.8%).

Gold futures climbed sharply on Tuesday to mark their highest finish in 13 months, buoyed by a broad flight to the perceived safety of precious metals and government bonds, as Russian forces continued to shell Kharkiv, Ukraine’s second-largest city, and signaled they would target intelligence and…

The following is a table of central bank gold holdings as of Feb. 28, according to data from the International Monetary Fund (IMF):

Gold crept up 1.6% Tuesday, moving toward last week’s 17-month high amid concern about the conflict.

The direction of April Comex gold into the close on Tuesday is likely to be determined by trader reaction to $1927.60.

Oil Energy traders shrugged off the EIA announcement that 60-million barrels of crude will be released. Crude prices can’t stop going higher as a very tight oil market will likely see further risk to supplies as the War in Ukraine unfolds. Expectations for a revival of the Iran nuclear deal have come down a bit […]

(Kitco News) - Steppe Gold said today that it has received a new shipment of key reagents and has now resumed full production at its ATO gold and silver mine in Mongolia.

Gold prices surged more than 2.5% since the start of the week as Russia’s invasion of Ukraine intensifies. The levels that matter on the XAU/USD technical charts.

Gold futures climbed sharply on Tuesday, with Russia''s invasion of Ukraine continuing to feed haven demand for the precious metal. April gold rose $43.10, or 2.3%, to settle at $1,943.80 an ounce. Prices based on the most-active contract settled at their highest since Jan. 5, 2021, according to FactSet data. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Oil soars as sanctions bite and the conflict intensifies Oil prices are surging once more as the conflict in Ukraine intensifies, the West continues to impose severe sanctions and companies turn their backs on what is becoming an increasingly isolated Russia. We’re starting to see what impact these sanctions could have on Russian oil exports […]

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