Yahoo! Finance: SI=F News
Gold futures finish Wednesday at their lowest price in more than two weeks, then make volatile moves in electronic trading after the Federal Reserve announced the first interest-rate hike since 2018.
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Kitco News
(Kitco News) – After seeing $200 moves since the start of the year, gold has the potential to hit $2,500 an ounce and average $2,000 an ounce in 2022, according to the updated outlook from MKS PAMP.
The post Gold price to average $2k in 2022, with potential to hit $2.5k after Q1 price action, says MKS PAMP appeared first on WorldSilverNews.
Kitco News
(Kitco News) – China Molybdenum, a globally diversified base, precious and rare metals producer, said today that in 2021, net profit attributable to the shareholders of the company was a record RMB5.106 billion (~$804 million), representing a year-on-year increase of 119.26%.
The post China Moly reports record net profit in 2021 on strong battery and rare metals demand appeared first on WorldSilverNews.
Everyone is on allocation with the mints.
Inventory is extremely low.
Wall Street Silver
Wed, 03/16/2022 – 05:42
BloombergOpinion/John Authers/3-14-2022
“Excluding Russia from the global financial infrastructure promises to create stress for the rest of the world, whatever its effects on Moscow. The most dramatic effects are on the strategically important metal nickel.”
USAGOLD note: Authers digs deep on the impact of war and sanctions on commodities’ trading (and markets) starting with nickel and ending with wheat. He correctly points out that the negatives on sanctions cut both ways, as shown persuasively by recent events at the London Metals Exhchange.
Image: Diagram of a boomerang flight path as seen from above.
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MarketsInsider/Natasha Dailey/3-15-2022
“According to a report from Reuters, the central bank said household demand for physical gold bars has increased following the ‘abolition of a value-added tax on these operations.’ Russians have been seeking safe havens for their wealth since the country’s attack on Ukraine spurred widespread economic sanctions and the subsequent collapse of the ruble — which is now worth less than a penny.”
USAGOLD note: Not sure how citizen demand for gold folds into Russia’s central bank suddenly deciding to curtail purchases for its reserves. We do understand, however, the connection between a rapidly deteriorating currency and private investor gold purchases. Abolition of the value-added tax greases the wheels. With sanctions no doubt inhibiting Russian imports of the yellow metal, the existing supply becomes all the more dear.
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