Spdr Gold Minishares Trust ETF News

Gold is 0.8% higher this morning, as it is trading slightly above the $1,900 price level. What about the other precious metals?

Russia More Than Doubles Interest Rate To 20% To Halt Rouble Collapse, Suspends Stock Trading On Moscow Exchange With the ruble plunging overnight after the West imposed tough new sanctions over the war in Ukraine, crashing as low as 115 against the dollar with the USDRUB last seen just south of 100… ... early on Monday, Russia''s central bank more than doubled interest rates to 20% from 9.5% in an effort to halt the collapse of the ruble, which has gone into freefall. The Bank of Russia also said on Sunday that it would resume buying gold in the domestic market as it tries to shore up its finances and find ways around sanctions on its activity. "External conditions for the Russian economy have drastically changed," the Bank of Russia said in a statement. "The increase of the key rate will ensure a rise in deposit rates to levels needed to compensate for the increased depreciation and inflation risks. This is needed to support financial and price stability and protect the savings of citizens from depreciation." While the idea is that higher interest rates increase the return to investors, luring foreign capital to the country and pushing up the exchange rate, it is unlikely that investors will flood back into the "safety" of the ruble as long as sanctions are ongoing.

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Palladium jumped over 7% on Monday as fresh Western sanctions on Russia exacerbated supply concerns for the auto-catalyst, while gold firmed en route to its best month in nine on strong safe-haven demand due to the Ukraine crisis.

KYIV/MOSCOW (Reuters) - Russian forces seized two small cities in southeastern Ukraine and the area around a nuclear power plant, the Interfax news agency said on Monday, but ran into stiff resistance elsewhere as Moscow''s diplomatic and economic isolation deepened. After four days of fighting and a Russian advance that has gone more slowly than some expected, a Ukrainian delegation arrived at the border with Russian ally Belarus for ceasefire talks with Russian representatives, the Ukrainian presidency said. It was not clear whether any progress could be achieved. President Vladimir Putin on Thursday launched the biggest assault on a European state since World War Two and put Russia''s nuclear deterrent on high alert on Sunday in the face of a barrage of Western-led reprisals. Blasts were heard before dawn on Monday in the capital of Kyiv and in the major eastern city of Kharkiv, Ukrainian authorities said. But Russian ground forces'' attempts to capture major urban centres had been repelled, they added.

The gold price surged to $1,930 as trading began this morning. It dropped back later to dip below the $1,900 mark again, however. As strategists at Co

Gold price started a major increase above the $1,900 resistance against the US Dollar. The price broke the $1,950 resistance level, but it struggled to clear the $1,975 zone. The price started a fresh decline and traded below the $1,950 level. The bears pushed the price below the $1,900 level and the 50 hourly simple […] The post Gold Currently Consolidating Losses from 1,878 Low appeared first on Action Forex .

Gold climbed as Western nations escalated sanctions on Russia for the invasion of Ukraine, heightening fears of a hit to global economic growth.

* Oil, grains rise on Russia nuclear alert, Western sanctions * Palladium prices surge, gold climb as West cranks up sanctions * Aluminium at record -high, nickel up on Russian supply worries * Fears of food inflation as wheat, corn, edible oil prices…

Oil and gold prices surged as crude markets were rattled by supply fears and investors sought havens.

Comex gold retreats from Monday’s opening at $1,921 and hovers around $1,900

Oil prices are sharply higher on enhanced sanctions Unsurprisingly, the sharp escalations in sanctions over the weekend, which sparked panic among ordinary Russians, has seen oil open sharply higher today. Brent crude has soared 3.50% to USD 101.85 a barrel, and WTI has rocketed 4.55% higher to USD 96.10 a barrel. Oil prices are, […]

Gold prices started the day with a positive gap, but they quickly declined lower, unable to re-challenge the 19-month high of 1,974. The RSI indicator is showing some positive signs as it is pointing upwards in the bullish region; however, the MACD is approaching its trigger line for a bearish cross above its zero level. In case there are […] The post Gold Decreases Sharply after the Spike to New 19-month Peak appeared first on Action Forex .

Spot gold climbed 1.1% to $1,909.16 per ounce, rising about 6% so far this month in what would be its best monthly gain since May 2021