The uptrend in the gold market has changed to a downtrend relative to the US dollar.
Gold (XAUUSD) came out of the growing channel and formed a downward channel. Recent impulses of the price formed a new Lower Low, and Lower High. However, the last week the movement in the gold market has stopped. What’s next? Continue reading
In accordance with the materials of the Bank of Russia, the reserves of monetary gold in the international reserves of the Russian Federation in February 2018 increased by 1.34%.
During this month, 24.92 tons were purchased and sent to the reserve. Continue reading
On the chart of gold (XAUUSD) there is an interesting technical picture.
Further actions of gold traders can lay the direction of movement for this asset for the near future. Continue reading
When taking off from the airport of Yakutsk near the An-12 plane, the left flap of the cargo hatch was broken by an air flow, the airport press service reported.
On board An-12 were 9 tons of gold and platinum in ingots. Continue reading
In January 2018, the Central Bank of Russia continued to buy gold for the country’s reserves.
Russia purchased 18.7 metric tons of gold in its reserves in January 2018, the total amount of gold reserves in Russia amounted to 1,857 metric tons or 59.7 million ounces. Continue reading
The Bank of Russia purchased in December 2017 9.3 tons of gold for its official gold reserves. Thus, for the entire 2017, 223.9 tons of gold was added to gold reserves, as a result of which the total reserves of monetary gold in international gold and currency reserves of Russia increased by 13.87% in 2017.
As of January 1, 2018, the total gold reserves in the international reserves of the Russian Federation are 1838 tons (59.1 million ounces) according to the Central Bank of Russia. The share of gold in international reserves of Russia for 2017 increased from 15.9% to 17.7%. The value of gold in reserves for the year increased to $ 76.647 billion, or by 27%. Continue reading
Gold is a noble metal of yellow color, element 11 of the group of periodic system of chemical elements of Mendeleev, with atomic number 79. It is designated by the symbol Au (latin – “Aurum“).
Gold due to its unique physical and chemical properties has been used throughout the history of mankind – both as jewelry, as a metal, and as money. The main properties of gold – homogeneity, divisibility, wastelessness, portability, convenience of transportation, sustainability (wear resistance) and universality. Thus, as a result of the natural selection of monetary materials, the role of money for a long time was assigned to gold. Continue reading