The truth about Russian gold and the ruble
Kitco Commentaries | Opinions, Ideas and Markets Talk
Featuring views and opinions written by market professionals, not staff journalists.
CPM Group sets the record straight on recent Russian gold price directives to its domestic mining and refining industries. Today's video starts with a brief history of CPM Group's Gold Yearbook, followed by discussion of gold at record high prices and CPM’s gold price outlook for the second half of 2022. The video concludes with an explanation of the Russian Government’s recent moves to restrict the price it will pay for gold from domestic producers and refineries, and how that does not represent a peg of the ruble to gold, except for those refineries.
CPM Group's 2022 Gold Market Update will take place on 6 April.