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russia sanctions

  • Video: What’s driving Russia’s gold buying spree?

    We recently wrote about Russia’s purchase of 1.2 million ounces of gold during the month of September, the country’s largest gold purchase in over 15 years. If you’re wondering what is behind this growing Russian appetite for gold, Newsy has produced a video offering an explanation. What’s driving Russia’s gold buying spree? Highlights from the video: One

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  • Russia makes largest gold purchase in over 15 years

    The Russian central bank has made headlines by purchasing a staggering 1.2 million ounces of gold in September, the country’s largest gold purchase in over 15 years. Analysts are noting that this could have a huge impact on global demand for gold, and that Russia may be attempting to send a message by publicly announcing such a large

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  • Gold Rallies on High Levels of Geopolitical and Economic Uncertainty

    Gold reached its highest price in almost two weeks on Wednesday, as investors worried about geopolitical tensions and the economic landscape in Europe. Gold for December delivery gained $22.90, or 1.8%, to reach $1,308.20 per ounce – its highest price since July 21. In summary, investors have been watching the following economic and geopolitical stories: Italy’s economy has fallen into recession

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  • Gold Back Above $1,300/oz. as U.S. Imposes New Sanctions on Russia

    After hitting a four-week low earlier in the week, gold is back above the $1,300 mark to $1,318 as buyers are taking advantage of low prices and new U.S. sanctions on Russia have hurt the stock market. Palladium also remains at a 13 1/2-year high. Russia accounts for nearly half of total palladium supply. The

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