Aberdeen Standard Gold Etf Trust ETF News

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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…

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The Bank of Russia said it will start purchasing gold again, just under two years after it ended a long-running buying spree that helped prop up bullion prices last decade.

For weekend reading, Louis Navellier offers the following commentary: Q4 2021 hedge fund letters, conferences and more There are so many opinions about the Fed that you could pave a highway of paper to the moon and back with views, pro and con, about the impact that raising interest rates might have on various markets […]

Recall prior to what now sadly is occurring, we were seeking (given Gold’s “terrible technicals”) a modest down run from January’s closing Gold price of 1798 toward the 1754 area.

The Dow Jones and S&P 500 recovered from deep losses despite escalating Ukraine tensions. The situation still remains volatile, especially for crude oil, gold and the Euro. Ahead, Fed Chair Jerome …

https://www.investing.com/analysis/week-ahead-crisis-in-europe-to-pressure-markets-equities-to-drop-gold-to-rally-200618860

New Delhi: Amid gold''s rising safe heaven appeal due to geopolitical tensions between Russia and Ukraine, the Sovereign Gold Bond (SGB) Scheme 2021-22 - Series X will open for subscription on Monday, February 28.The Reserve Bank of India (RBI) has set the price at Rs 5,109 per gram of gold. The latest tranche of the SGB Scheme - Series X can be subscribed till March 4.The government will give a discount of Rs 50 per gram to the investors applying online and the payment against the application is made through digital mode."For such investors, the issue price of Gold Bond will be Rs 5,059 per gram of gold," RBI said. The central bank issues the bonds on behalf of the Government of India.The majority of analysts are in favour of subscribing to the issue considering the war scare between Ukraine and Russia and rising inflation globally. The bullion is considered as a hedge against inflation.Anuj Gupta, Vice President - Commodity and Currency Research, IIFL Securities, has suggested investors bid for the lastest tranche for the SGB scheme."SGB is a great opportunity to put your money in the yellow metal amid the rising geopolitical worries across the globe," Gupta added. "The rising inflation will also support the bullion."The issue price for Series IX, which was open for subscription during January 10-14, was Rs 4,786 per gram of gold.