Daily Expert News
No Result
View All Result
Thursday, June 30, 2022
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Arts & Culture
  • Education & Career
  • India
  • Politics
  • Top Stories
Daily Expert News
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Arts & Culture
  • Education & Career
  • India
  • Politics
  • Top Stories
No Result
View All Result
Daily Expert News
No Result
View All Result
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Arts & Culture
  • Education & Career
  • India
  • Politics
  • Top Stories

Gold glitter and palladium prices jump on Ukraine crisis

by Nick Erickson
March 1, 2022
in Uncategorized
132 1
0
NDTV News
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT


ADVERTISEMENT

Precious metals jumped, with palladium and gold leading the way

Precious metals soared on Tuesday, with palladium and gold leading the way, as traders remain fully focused on the Ukraine crisis after western countries slammed Russia with harsh sanctions.

Supply concerns due to tougher sanctions against Russia pushed up prices of palladium, which is used by automakers in catalytic converters to curb emissions.

Palladium rose more than 3.5%, while feelings that the war and higher energy prices could slow the interconnected global economy helped gold.

A Russia-based company accounts for about 40 percent of global palladium mining production, as data from last year showed, and that has weighed on supply difficulties.

“We see sanctions starting to bite,” Saxo Bank analyst Ole Hansen told Reuters.

“Russian mining companies, such as the world’s largest palladium producer, are exploring alternative transportation routes. However, we believe the sanctions and associated restrictions will make it difficult to charter planes to export materials,” Commerzbank analysts said in a note to customers. . †

Escalating tensions between Russia and Ukraine have helped gold prices, with US gold futures rising more than 1 percent.

The sanctions are likely to encourage the Bank of Russia to buy gold again. Bank of Russia announced it will be buying gold again, nearly two years after ending a long string of purchases.

In addition, gold will also receive a boost from higher inflation trading as the yellow metal is usually considered a hedge against inflation and during times of economic or political turmoil.

ADVERTISEMENT
ADVERTISEMENT
Tags: crisisDailyExpertNewsglitterGoldjumppalladiumpricesUkraine

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
ADVERTISEMENT

Related Posts

10 new books we recommend this week
Sunday Book Review

10 new books we recommend this week

June 30, 2022
5 Classical Music Albums You Can Listen To Right Now
Arts

5 Classical Music Albums You Can Listen To Right Now

June 30, 2022
The Department of Justice will investigate the NYPD's handling of sex crimes
New York

The Department of Justice will investigate the NYPD’s handling of sex crimes

June 30, 2022
2 Art Havens in the Hudson Valley offer nature inside and out
art-design

2 Art Havens in the Hudson Valley offer nature inside and out

June 30, 2022
Contemporary authors on their favorite novels in New York
books

Contemporary authors on their favorite novels in New York

June 30, 2022
'Mr. Malcolm's List' Review: A Finalist for His Affection
Movie

‘Mr. Malcolm’s List’ Review: A Finalist for His Affection

June 30, 2022
  • Trending
  • Comments
  • Latest
This optical illusion has a revelation about your brain and eyes

This optical illusion has a revelation about your brain and eyes

June 6, 2022
NDTV Coronavirus

Viral video: Chinese woman pinned down, Covid test carried out by force

May 5, 2022
Hundreds In Sarees At UK

Hundreds of sarees at Britain’s Royal Ascot Horse Race to help Indian weavers

June 16, 2022
Sabrina's parents love her. But the meltdowns are too many.

Sabrina’s parents love her. But the meltdowns are too many.

June 1, 2022

Hello world!

0
NDTV News

IT startup Fareye aims to change Unicorn within a year, founder says

0
How did Stephanie Murphy, a holdout on Biden's agenda, help save it?

How did Stephanie Murphy, a holdout on Biden’s agenda, help save it?

0
How did Stephanie Murphy, a holdout on Biden's agenda, help save it?

How did Stephanie Murphy, a holdout on Biden’s agenda, help save it?

0
10 new books we recommend this week

10 new books we recommend this week

June 30, 2022
5 Classical Music Albums You Can Listen To Right Now

5 Classical Music Albums You Can Listen To Right Now

June 30, 2022
The Department of Justice will investigate the NYPD's handling of sex crimes

The Department of Justice will investigate the NYPD’s handling of sex crimes

June 30, 2022
2 Art Havens in the Hudson Valley offer nature inside and out

2 Art Havens in the Hudson Valley offer nature inside and out

June 30, 2022
ADVERTISEMENT

Recent News

10 new books we recommend this week

10 new books we recommend this week

June 30, 2022
5 Classical Music Albums You Can Listen To Right Now

5 Classical Music Albums You Can Listen To Right Now

June 30, 2022

Categories

  • Africa
  • Americas
  • art-design
  • Arts
  • Asia Pacific
  • Astrology News
  • books
  • Books News
  • Business
  • Cricket
  • Cryptocurrency
  • Dance
  • Dining and Wine
  • Economy
  • Education & Career
  • Europe
  • Fashion
  • Food
  • Football
  • Gadget
  • Gaming
  • Golf
  • Health
  • Hot News
  • India
  • Indians Abroad
  • Lifestyle
  • Markets
  • Middle East
  • Most Shared
  • Motorsport
  • Movie
  • Music
  • New York
  • Opinion
  • Politics
  • press release
  • Real Estate
  • Review
  • Science & Space
  • Sports
  • Sunday Book Review
  • Tax News
  • Technology
  • Television
  • Tennis
  • Theater
  • Top Movie Reviews
  • Top Stories
  • Travel
  • Uncategorized
  • Web Series
  • World

Site Navigation

  • Home
  • Advertisement
  • Contact Us
  • Privacy & Policy
  • Other Links

We bring you the Breaking News,Latest Stories,World News, Business News, Political News, Technology News, Science News, Entertainment News, Sports News, Opinion News and much more from all over the world

©Copyright DailyExpertNews 2022

No Result
View All Result
  • Contact Us
  • Home
  • Top Stories
  • World
  • Economy
  • Business
  • Opinion
  • Markets
  • India
  • Education & Career
  • Arts
  • Advertisement
  • Tax News
  • Markets

©Copyright DailyExpertNews 2022

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.