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| Gold prices rise |
Gold prices rise as the Group of Seven intends to ban the import of the metal from Russia
Gold prices rise as the Group of Seven intends to ban the import of the metal from Russia
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| Gas supply to europe |
4 countries moved to tighten pressure on Moscow and cut off its means to finance the invasion of Ukraine.
Gold prices rose on Monday, as news of the bear's intent to invade Ukraine sparked some interest in gold.
And gold rose in spot transactions 0.5% to $ 1835.58 an ounce, while US gold futures rose 0.3% to $ 1836.30, according to "Reuters".
"The G7 ban on Russian gold imports appears to provide some near-term support in early Asia," said OANDA's chief analyst, Jeffrey Haley.
But he added, "I don't expect this to represent a structural change in supply and demand expectations that supports prices." Four of the Group of Seven nations moved to ban Russian gold imports on Sunday, piling pressure on Moscow and cutting off its means to fund the invasion of Ukraine.
As for other precious metals, the price of silver in spot transactions rose 1.2% to $ 21.36 an ounce, while the price of platinum rose 0.5% to $ 912.00, and palladium increased 0.6 percent to $ 1886.65.
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