G-7 nations to announce import ban on Russian gold as Moscow sanctions widen
Just saw that this headline on CNBC. This means that many countries, investors and companies using gold for products like jewellery will not be buying it from Russia.
Russia produces about 10-11% of world gold (see links below).
https://www.statista.com/statistics/238414/global-gold-production-since-2005/
https://www.gold.org/goldhub/data/gold-production-by-country?gclid=EAIaIQobChMI_N3C-YfL-AIVEyQrCh0ltwZaEAAYASAAEgKC2fD_BwE
What will this do to the POG?
Theoretically if demand stays unchanged it should go up. But who knows what will happen.
- Forums
- ASX - By Stock
- Ann: More High-Grade Gold Results at Labyrinth Gold Project
G-7 nations to announce import ban on Russian gold as Moscow...
-
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
CC9
Chariot Corporation (ASX:CC9) refines Black Mountain strategy, launching Pilot Mine to seize U.S. lithium opportunity
NEWS
Antler Copper Project hits major permitting milestone – air quality permit advances to final review
Add LRL (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $62.61M |
Open | High | Low | Value | Volume |
1.7¢ | 1.7¢ | 1.5¢ | $20.37K | 1.271M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 2344977 | 1.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.7¢ | 1400760 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 2344977 | 0.015 |
8 | 2707784 | 0.014 |
15 | 4291411 | 0.013 |
6 | 2892000 | 0.012 |
1 | 455000 | 0.011 |
Price($) | Vol. | No. |
---|---|---|
0.017 | 1400760 | 4 |
0.018 | 500000 | 1 |
0.019 | 511317 | 2 |
0.020 | 325570 | 2 |
0.022 | 500000 | 1 |
Last trade - 15.45pm 04/10/2024 (20 minute delay) ? |
Featured News
LRL (ASX) Chart |