G7 Bans Russian Gold Imports, Gold Bulls Returns
Don’t miss the opportunity to make a profit, check the gold trend now>>
To curb Russia’s bloody aggression on Ukraine, the G7 will ban gold imports from Russia to stop the funds needed over the war with Ukraine. At the same time, the G7 is discussing the imposition of restrictions on insurance and shipping, thus imposing limits on Russian oil prices, all of which increase gold prices. Moreover, it is expected that a sharp decline in US economic data will provide support to gold prices in the future, thus gold is expected to maintain the following bullish trend.
The trend of gold can be paid attention to…
-Latest news on the Russian-Ukrainian war
-20:30 US Durable Goods Orders (MoM) (May)
-22:00 US Existing Home Contracted Sales Index (MoM) (May)
-22:00 Conference Board Consumer Confidence Index (June)
-20:30 US Gross Domestic Product (GDP) (QoQ) (Q1)
-22:30 US EIA Crude Oil Inventories for the week ending 6/24
-20:30 US Unemployment Claims for the week ending 6/25
-20:30 US Core PCE price index (YoY) (May)
-20:30 US Personal Expenditure (MoM) (May)
Which will affect the trend of gold, and investors must seize the opportunity to place orders.
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Disclaimer: Information above can only be use for references and doesn’t represent our platform’s opinions.