XAU/USD retreats towards $2,020 as Ukraine-Russia stand-off ease
Ukraine and Venezuela’s efforts to tame the respective geopolitical tensions with Russia and the US have recently improved market sentiment. As a result, the metal’s safe-haven demand gets a dent, which in turn triggered the latest pullback in XAU/USD prices. Gold buyers take a breather around $2,042, down 0.40% intraday during Wednesday’s Asian session. In […]
Gold Price underpinned above $1900 as Russia Ukraine crisis escalates
After hitting fresh multi-month highs at $1914, spot gold is consolidating above $1900 as the Russia/Ukraine crisis escalates. As traders worry about the rising risk of a full-scale Russian military incursion into Ukraine, gold will likely remain supported. As the Russia/Ukraine crisis continues to escalate, most recently with Russia recognizing the independence of and moving […]
Rising oil prices and a weak Ruble is just what Putin needs, $33 billion extra cash
Bloomberg — Rising oil prices and a weak ruble could provide the Kremlin with as much as $33 billion in extra cash for social spending this year, giving Vladimir Putin the financial wherewithal to help head off growing public discontent. Thanks to a 25% price surge this year, Russia now receives more rubles per barrel […]