analyst
(Updates prices and details)
By Ashitha Shivaprasad
June 27 (Reuters) - Gold prices edged lower on Monday as
higher rates weighed on bullion, while investors watched for any
cues on ...
A move by Britain, the United States, Japan and Canada to ban new imports of Russian gold is being seen as largely symbolic within the global gold market as Russian exports to the West have already dried up. Britain said on Sunday the ban was intended to limit Russia's ability to fund its military operation in Ukraine.
Discussions on an import ban on Russian gold are ongoing and need to be held with European Union partners, German Chancellor Olaf Scholz told broadcaster ZDF on Monday. The European Union gave a cautious response on Sunday to a plan from Britain, the United States, Japan and Canada to ban imports of newly mined or refined Russian gold.
London copper prices rose on Monday as
the easing of COVID-19 restrictions in top metals consumer China
raised hopes of a revival in demand, although fears of a global
economic slowdown due to rapid ...
* Biden says Russia has failed to split G7. * Biden condemns 'barbarism' as missiles strike Kyiv. * Gold ban targets 'Putin's war machine' - British PM. * Oil import price cap discussed, German source. By Matthias Williams and Thomas Escritt.
The Group of Seven rich democracies will announce a ban on imports of Russian gold on Tuesday, as part of ongoing efforts to hold Russia accountable for its war in Ukraine and block attempts to evade Western sanctions, a senior U.S. administration official said on Sunday.
The Group of Seven rich democracies will announce a ban on imports of Russian gold on Tuesday, as part of ongoing efforts to hold Russia accountable for its war in Ukraine and block attempts to evade Western sanctions, a senior U.S. administration official said on Sunday.
Britain, the United States, Japan and Canada will ban new imports of Russian gold as part of measures aimed at punishing Moscow for its invasion of Ukraine, the British government said on Sunday. The ban is due to come into force shortly and will apply to newly mined or refined gold.
U.S. President Joe Biden and his G7 counterparts will agree on an import ban on new gold from Russia as they broaden sanctions against Moscow for its war against Ukraine, a source familiar with the matter told Reuters on Saturday. The United States has rallied the world in imposing swift and significant economic costs on Russia to deny President Vladimir Putin the revenue he needs to fund his war.
Copper prices fell to a 16-month
low on Thursday as fast-rising interest rates and weak economic
data fanned fears of a global slowdown that would reduce demand
for metals.
Benchmark copper ...
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