MOSCOW (Reuters) – The Russian central bank stated on Thursday that central banks in emerging markets are purchasing gold to diversify their international reserves due to a G7 attempt to utilize billions of dollars in frozen Russian assets. On track for its largest annual increase since 1979, gold is up 59% so far this year after reaching a record $4,381 … Read More
Silver reaches a new record after surpassing the peak of the October squeeze
(Bloomberg) — Silver has reached a record high, surpassing a peak reached during a historic squeeze in the London market in October. Spot prices rose as much as 4.2%, reaching approximately $55.66 per ounce. The white metal was supported by growing hopes of a Federal Reserve interest rate cut in December, inflows into exchange-traded funds backed by bullion, and the … Read More