Gold prices stayed above $2,000 per ounce on Thursday as 40-year high inflation and the Ukraine-Russia conflict supported the precious metal. April gold futures surged about 1 percent to climb above $2,000 an ounce on the COMEX division of the New York Mercantile Exchange. The yellow metal has had a terrific start to 2022, rallying…
Gold, Palladium Retreat From Highs
March 9, 2022
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Gold and palladium on Wednesday hit the brakes on a blistering rally as riskier assets attempted a comeback, with analysts predicting another run higher for precious metals in case of a further escalation in the Ukraine crisis. Spot gold fell 1.9 percent to $2,013.79 per ounce, as of 1047 GMT, snapping a four-session rally that…
World Stocks at 1-year Lows on Inflation Shock Worries; Gold Shines
March 8, 2022
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LONDON—World stocks held at a one-year low on Tuesday, while gold climbed above the key $2,000 level, as the prospect of a ban on Russian oil imports pushed up oil prices and raised concerns of soaring inflation and slowing economic growth. Russia warned that oil prices could surge to $300 a barrel and it might…
Gold Above $2,000 on Safe-Haven Appeal; Nickel up Over 20 Percent
Gold climbed to its highest in one-and-half years on Monday and palladium hit an all-time high on safe-haven asset appeal, while nickel soared over 20 percent on fears of supply disruptions tied to sanctions on Russia and continued fighting in Ukraine. Gold prices rose above $2,000 per ounce, palladium hit a record, LME 3-month nickel…
Russian Finance Ministry Halts Forex, Gold Purchases for 2022
March 3, 2022
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MOSCOW—Russia’s finance ministry said on Thursday that it was halting purchases of foreign currency and gold for this year as part of a suspension of parts of its fiscal rule relating to the use of extra oil and gas revenues. Under a rule adopted in 2017, Russia buys foreign currency when oil prices are high…
Russian Central Bank to Resume Gold Purchases on Domestic Market From Monday
MOSCOW—Russia’s central bank on Sunday said it would resume buying gold on the domestic market from Feb. 28, as it undertakes measures to try and ensure financial stability during Western sanctions against Moscow for its invasion of Ukraine. Earlier, Russian President Vladimir Putin ordered his military command to put nuclear-armed forces on high alert as fighting in…
Official: Canada Banks Freezing Accounts Tied to Truckers; Metaverse Faces Obstacles | NTD Business
Canadian banks start freezing accounts tied to the trucker protest, including their crypto wallets. After sticking to a strict zero covid policy for years, China could finally be thinking about dropping it — because the policy is straining the economy. It’s gold’s time to shine. The yellow metal’s rallied to its highest level in 8 months. We ask…
Stocks Stumble as Ukraine Tensions Worsen, Investors Seek Safety in Gold
LONDON—Stock markets fell on Thursday after Russian-backed separatists and Ukrainian government forces accused each other of firing shells, sending traders to seek safety in government bonds, and pushing gold prices to a new eight-month high. The two sides traded accusations each had fired across the ceasefire line in eastern Ukraine, raising alarm at a time…
History for Humphries, Who Wins Olympic Monobob Gold for US
BEIJING—Kaillie Humphries crossed the finish line, jumped from her sled and hoisted an American flag that someone had just handed her into the frosty air. “U-S-A! U-S-A!” she chanted. Four years ago, nobody would have seen that coming. The former Canadian bobsled heroine is an Olympic gold medalist for the third time—and for the first…
American Jackson Wins Speed Skating Gold After Stumble in Trials
BEIJING—Erin Jackson of the United States won gold in the women’s 500 meters speed skating with an explosive start on Sunday, giving the United States its first gold medal in the event since 1994 and first speed skating medal at the Beijing Olympics. She could be seen grinning widely after completing her lap of the…
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