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.
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