05 March 2022
The military conflict in Ukraine, coupled with rising inflation, and attempts to control it has seen the gold price almost inevitably move towards the $2,000 level. If things continue without a diplomatic solution we feel that this level is inevitable and will be reached sooner rather than later
02 March 2022
Palladium prices had been trending sharply downwards in the second half of 2021, but Russia's invasion of Ukraine, and the resultant severe sanctions imposed to try and cripple the Russian economy have changed palladium supply/demand fundamentals drastically and the price has picked up strongly which has caused us to hugely revise our previous pessimistic price forecasts for the metal this year.
27 February 2022
Russia's apparently unprovoked attack on Ukraine has already received almost universal condemnation and is leading to the imposition of severe sanctions designed to adversely affect the Russian domestic economy. Russian banks are also being cut off from the key SWIFT international payments system. Coupled with rising inflation this could all have a positive effect on the gold price and hit equity markets negatively despite their end-week respective moves in the other direction.
25 February 2022
Contrary to our initial beliefs, it appears that Russia has gone ahead with a full-scale military assault on Ukraine with somewhat mixed results so far. Gold, silver, equities and bitcoin have been hugely volatile in their response so far but we firmly believe that the Russian move, coupled with perhaps enhanced inflation fears, remains positive for precious metals and distinctly negative for equities and bitcoin once the markets settle down.
21 February 2022
With the weekend passing without the presumed inevitable Russian onslaught on Ukraine, gold and silver have been marked down a little in the absence of U.S. markets for Presidents Day. However the global geopolitical situation remains tense and precious metals will likely continue to benefit accordingly.
15 February 2022
Tensions have eased a little over Western accusations that Russia was about to invade Ukraine as the former reports that some of its troops and military equipment amassed on Ukraine's border are returning to base. The possible relaxation of tensions has seen a sharp dip in precious metals prices, but we question whether there was ever a Russian intention to invade at all.
09 February 2022
New gold withdrawal figures for January from the Shanghai Gold Exchange demonstrate that Chinese gold demand is still riding high and should help counter any demand headwinds that may be developing elsewhere.
21 January 2022
Both general equities and bitcoin have seen sharp falls in recent days, enhancing the value of investment in safe haven assets like gold and silver, particularly in the current negative real interest rate environment
08 January 2022
Latest figures out of China's Shanghai Gold Exchange suggest that 2021 gold demand in that nation was the highest for three years. Taken together with strong demand in India too, the figiures are a definite positive for a continuing rise in global gold consumpgtion.
21 December 2021
The Russian 100,000 ounce addition to its gold reserves in October was reversed in November with a similarly sized withdrawal. Meanwhile it could be surreptitiously building its gold reserves through additions into it National Wealth Fund.
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