Spdr Gold Shares ETF News

Russian Gold Barred From World''s Largest Gold Market Over the past week, we first noted that amid broad economic sanctions, there were numerous Russian gold refiners on the LBMA''s "Good Delivery" list, and subsequently we said that this "begged the question as to what would the LBMA do about the large number of Russian gold refineries on the LBMA Good Delivery Lists, refiners which are embedded with the Russian banks in the Russian gold market." The question was answered today, when the LBMA - London''s gold market - suspended all Russian refineries from its accredited list, meaning their newly minted bars can no longer trade in one of the world’s most important bullion centers. The London Bullion Market Association said on Monday that it suspended all six Russian gold and silver refineries from its Good Delivery List following sanctions imposed by the U.S., European Union and U.K. on the country. Existing bars produced by the refiners before their suspension will still be accepted. From the statement : In light of UK/EU/US sanctions and to ensure an orderly market, LBMA has suspended the following gold and silver refiners with immediate effect: JSC Krastsvetmet (gold and silver) JSC Novosibirsk Refinery (gold and silver) JSC Uralelectromed (gold and silver) Moscow Special Alloys Processing Plant (gold) Prioksky Plant of Non-Ferrous Metals (gold and silver) Shyolkovsky Factory of Secondary Precious Metals, SOE (gold and silver) These six refiners will no longer be accepted as Good Delivery by the London Bullion market until further notice.

Oil and gold prices spiked Monday amid fears the United States and its European allies are weighing whether to ban imports of Russian crude. Russia and Ukraine are set to return to the negotiating … Read Full Story at source (may require registration) The post Oil prices spike above $120 a barrel, stocks slide as U.S. weighs embargo on Russian crude appeared first on ForexTV .

Gold markets have gapped a bit higher during the trading session on Monday and then went parabolic to break above the $2000 level. At this point, the market then turned around to pull back again.

(Kitco News) - Russia''s war with Ukraine continues to roil global financial markets and global supply chains, which is driving commodity prices higher and adding further momentum to gold, according to some analysts.

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Gold in the national capital on Monday rallied by Rs 1,298 to Rs 53,784 per 10 gram in line with strong international precious metal prices and sharp rupee depreciation, according to HDFC Securities.

Gold Spot a low for the day exactly at first support at 1929/27 on Friday & again we remain buyers on weakness to support levels. UPDATE: Gold gapped

Gold price has risen to $2,000 for the first time since August 2020 as the new week of trading gets underway. Safe-haven assets are set to continue to