Aberdeen Standard Gold Etf Trust ETF News

(Kitco Commentary) - The best performing precious metal for the week was palladium June 22 future, up 1.21% which surged on the first day of the Russian invasion. Gold moved to its highest since 2020 after Russian forces attacked targets across Ukraine, triggering the worst security crisis in Europe since World War II

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Gold markets were all over the place during the session on Monday, as we continue to see noisy behavior more than anything else. Geopolitical concerns continue to dominate movement.

(all amounts expressed in U.S. dollars unless otherwise stated) MEDELLIN, Colombia , Feb. 28, 2022 /CNW/ - Mineros S.A. (TSX: MSA ) (MINEROS:CB) ("Mineros" or the "Company") today reported its financial and operational results for the fourth quarter and year ended December 31, 2021 . For further information please see the Company''s Consolidated Financial Statements and Management Discussion and Analysis filed under Mineros'' profile on www.sedar.com . Andrés Restrepo, President and CEO of Mineros, commented "2021 was a historic year for Mineros, as we became the first Colombian-based company to be listed on both the Toronto Stock Exchange and the Colombian Stock Exchange ( Bolsa de Valores de Colombia ) . While we are new to Canadian investors, Mineros has a long and profitable history of gold mining in Latin America , initially in Colombia , and more recently in Nicaragua and Argentina . In all of the jurisdictions in which we operate, we have built mutually beneficial relationships with stakeholders, to contribute to the socio-economic development of the local communities and establish a strong social licence." "Mineros continues to pay one of the highest dividends in the gold mining industry, with a total of $17.7 million paid in 2021.

After underperforming last year, gold has shown strength in recent weeks buoyed by investors??? flight to safety on the escalating Russia-Ukraine crisis.

Palladium pops as much as 8% as supplies from top producer Russia face increased risk of disruption as the Russia-Ukraine conflict escalates, while gold jumps en route to its best…

The COT reports published weekly by the US CFTC highlight futures positions and changes made by hedge funds across commodities, forex and financials. This update covers the week to February 22, and once again it was a reporting week that ended a few days before a major risk event took place, this time Russia’s attack on Ukraine last Thursday. An attack that triggered major moves across most asset classes, not least commodities where speculators reacted to the prospect for the conflict impacting several commodities from oil and gas to gold and wheat.

(Kitco commentary) - After a $35 gap up at open Sunday evening, which topped out at $1925, gold has come down to trade under $1915 again this morning. Silver traded in lockstep fashion with gold overnight.

European stocks declined sharply on Monday as investors continued focusing on the escalating situation in Russia. In Germany, the DAX dropped by more

Implementation of the world’s fears of the outbreak of a Russian war in Ukraine contributed to an important turnout for investors to buy gold as a safe haven.

The post America Seizes All Assets in US and USD of Russia’s Central Bank – Trustnodes appeared on BitcoinEthereumNews.com . In an unprecedented move, the United States has just announced it is making inaccessible all assets of the Russian Central Bank in US, including gold and anything else, as well…

(Kitco News) - Gold and silver prices are sharply higher in early U.S. trading Monday, on safe-haven demand as the Russia-Ukraine geopolitical situation is deteriorating.

Gold futures shoot higher on Monday after the U.S. and its allies added new sanctions against Russia over the weekend as its invasion of Ukraine continues.

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.