The US may be left without Russian gold.
The US Treasury Department plans to issue a decree banning the import of new gold from Russia. The relevant information is contained on the official website of the administration of President Joe Biden. Thus, the Biden administration will expand targeted sanctions to further restrict Russia's access to global financial markets. Gold occupies the second place in the external export of the Russian Federation after energy resources. Gold futures ignored this statement and the opening of the trading week shows a low volatility dynamics. The instrument is traded in a rather narrow price range of 1.825-1.850. The $1,800 per contract support level remains key for a solid rise towards the $1,900 per contract target.
The US Treasury Department plans to issue a decree banning the import of new gold from Russia. The relevant information is contained on the official website of the administration of President Joe Biden. Thus, the Biden administration will expand targeted sanctions to further restrict Russia's access to global financial markets. Gold occupies the second place in the external export of the Russian Federation after energy resources. Gold futures ignored this statement and the opening of the trading week shows a low volatility dynamics. The instrument is traded in a rather narrow price range of 1.825-1.850. The $1,800 per contract support level remains key for a solid rise towards the $1,900 per contract target.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.