22 April 2022As anticipated Russia has not announced any details of changes in its gold reserves despite having announced that its central bank will be adding to them again, It is undoubtedly using gold to help finance its war efforts in ukraine where its military equipment losses appear to have been very substantial/
12 April 2022With the latest CPI inflation figure coming in at an above-expectation 8.5% gold prices rose sharply before falling back part way in later trade. Somewhat surprisingly U,S. equities also rose initially, but fell back into negative territory in afetrnoon tradin.
11 April 2022The March SGE gold withdrawal figures have come in sharply lower year on year which could indicate an overall gold demand reduction, or perhaps a temporary blip due to the Shanghai coronavirus outbreak and the attempts to bring it under control, We also speculate that any shortfall could be filled by imports of Russian gold as China is not a participant in the sanctions which may prevent Russian gold miners selling their product on the open market.
10 April 2022Precious metals prices seem to be on an upwards path again, although gold was not quite allowed to end the past week above the key $1,950 level. With a new CPI announcemment, due Tuesday, seemingly likely to see U,S, inflation climb further, we anticipate further gold price strength as the markets digest the implications of the new data point,
08 April 2022Russia appears to have totally withdrawn its forces back to Belarus from the north of Ukriane which had threatened Kyiv and Chernihiv. The withdrawal is almost certianly a sign of a lack of success in this part of the offensive, but will enable Russia to concentrate on the east and south where it can directly resupply its forces directly from Russia. However evidence of atrocities committed by Russian troops in occupied areas is likely to harden Western sanctions imposition, the inflationary impact of which would be positive for the gold price.
05 April 2022Although gold demand as seen by the world's largest online and smarttphone trading platform has been running at extremely high levels due to high inflation levels and the Russia/Ukraine conflict, this was alrgely matched in March by existing investor profit taking and repositioningdue to high price levels
04 April 2022Putin's Russia seems to have lost the high ground in the media war as the ground war continues. The twi effects of the Ukraine war and the gradual exit from coronavirus controls is boosting inflation hugely and we suspect that will put gold on an ongoing upwards path throughout the remainder of the year,
02 April 2022Q1 2022 has been the best quarter financially since June 2020 in the U.S.and globally with the gold price rising since the start of the year while global equities have mostly all fallen back. The Russia/Ukraine war has exacerbated the situation with things likely to get worse for the economy as a whole before they may begin to get better, although this pattern may prove beneficial for safe haven assets like gold.
01 April 2022Some further thoughts on the Russia/Ukraine war and its direct and indirect impacts on inflation and the gold price.
31 March 2022February's Swiss gold import and export figures have probabltycome too early to show any impact from the Russian invasion of Ukraine but still show the dominance of Asia in the global flow of gold from West to East
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