Spdr Gold Minishares Trust ETF News

In the spot market, highest purity gold was sold at Rs 53,595 per 10 grams while silver was priced at Rs 70,580 per kg on Monday

Gold prices scaled a 19-month high on escalating tensions between Russia and Ukraine. Silver vaulted too. What is the outlook for precious metals? Anil Ghelani, head – Passive Investments Products at DSP Investment Managers thinks that gold prices could continue to move up from current levels given rise in demand from central banks and from an investment perspective

The price of gold is firm in Tokyo and eyes the $2,000 level. However, the hourly structure on the charts is not conducive at this point for sustained

Gold ripped into the weekly open with XAU/USD breaking to fresh yearly highs amid the intensifying War in Ukraine. Technical levels that matter on the weekly chart.

Russia produces about 6 per cent of the world''s aluminium, 10 per cent of global mined nickel and 3.5 per cent of world copper supply

Gold futures rallied on Monday to finish at their highest price since mid-August 2020, with the precious metal continuing to find support as a haven investment as the Russia-Ukraine war rages on. "Ongoing concerns about price pressures and Fed policy expectations being dialed back slightly due to geopolitics are both strong tailwinds behind gold here," analysts at Sevens Report Research, wrote in Monday''s newsletter. April gold rose $29.30, or 1.5%, to settle at $1,995.90 an ounce. That was the highest finish for a most-active contract since Aug. 17, 2020, FactSet data show. 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.

Turkey and Russia can use dollar, euro, ruble, gold and yuan in trade, Turkish President Recep Tayyip Erdogan said during a telephone conversation with Russian President Vladimir Putin yesterday, Trend reports citing Turkish media.

We outline the impact of Russia’s invasion of Ukraine on UK stock markets, oil and gas prices, and global corporate operational shifts. Read Full Story at source (may require registration) The post Stock markets plummet while oil, gas and gold prices soar as Western firms are forced to take action amid Russia’s invasion of Ukraine appeared first on ForexTV .

Once the Russia-Ukraine crisis settles down, gold to likely come back to $1,700-1,800 levels from $2,000

The price of gold has soared to its highest level since the height of the pandemic as investors flock to the safe-haven asset amid war in Europe.

(Kitco News) - Gold prices are higher in midday U.S. trading Monday, but well down from their overnight 1.5-year high of $2,007.50. Silver overnight an eight-month high of $26.37 but are now trading lower on the day.

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.

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.

Kitco News'' general-interest stories takes a look at what is making headlines in the marketplace and how that is impacting precious metals prices