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Russia, Sanctions and Gold

Knowledge Series

As the Russia-Ukraine war enters its second month, Western powers have taken new action aimed at destabilising Russia’s sanctions-hit economy following its invasion of Ukraine last month.

Precious Metals holds drop as FED officials back Powell on rate hikes

Daily Report

Precious Metals held a drop after bond yields extended gains amid growing calls from Federal Reserve officials to raise interest rates faster. Chair Jerome Powell said on Monday the Fed is prepared to raise rates by a half percentage-point at its next meeting if needed, which triggered
a selloff in Treasuries.