Precious metals news

When the crash can no longer be denied, the drop is widely recognized as having been obvious and inevitable..

Economists talk about “recovery.” Exactly what is it? Modern economies go through cycles, always either expanding or contracting. The “recovery” phase is the part where it makes up the gains lost during the prior recession/contraction.

Global silver demand is expected to reach a record high of 1.112 billion ounces in 2022. This is one of several silver-related stories in the latest edition of Silver News published by the Silver Institute.

Peter Schiff appeared on Fox Business Live with Charlie Payne to debate bitcoin with Layah Heilpern. Peter argued that the only reason to own bitcoin is speculation and that gold is a much better hedge.

Putin: "Western countries aren't only taking unfriendly economic actions against our country, but leaders of major Nato countries are making aggressive statements about our country. So I order to move Russia's deterrence forces to a special regime of duty."

Russia’s Central Bank reserves are generally controlled by foreign central banks. If those foreign banks decide to freeze access to such reserves, Russia only has its tangible assets (such as oil, and gold reserves) to fall back on.

The cost of insuring Russia’s government debt rose to a record after harder-hitting sanctions on the country prompted Moscow to take emergency measures to shield its financial sector.

Russia’s credit rating was cut to junk by S&P Global Ratings, part of a wide review by all major rating agencies.

World stocks slid, oil prices jumped and the rouble tanked to fresh record lows on Monday, as the West ramped up sanctions against Russia for its attack on Ukraine that included blocking banks from the SWIFT global payments system. Russia's central bank raised its key interest rate to 20% from 9.5% in an emergency move...

Money markets are showing the most stress since the early days of the pandemic as traders race for dollars in the wake of toughened sanctions against Russia, prompting calls for help from central banks.

Western allies have taken unprecedented steps to isolate Russia's economy and financial system, including sanctioning its central bank and excluding some of its lenders from the SWIFT messaging system, used for trillions' of dollars of transactions. Sberbank Europe and two other subsidiaries were set to fail...

The Bank of Russia said it will start purchasing gold again, just under two years after it ended a long-running buying spree that helped prop up bullion prices last decade.Most Read from BloombergBelarus Preparing to Send Soldiers, Report Says: Ukraine UpdateU.S., Europe Cut Some Russian Banks From SWIFT...

The Bank of Russia acted quickly to shield the nation’s $1.5 trillion economy from sweeping sanctions that hit key banks, pushed the ruble to a record low and left President Vladimir Putin unable to access much of his war chest of more than $640 billion.

Russians waited in long queues outside ATMs on Sunday, worried that new Western sanctions over Moscow's invasion of Ukraine will trigger cash shortages and disrupt payments. Moves to block some Russian banks from the SWIFT global payments system and freeze the Bank of Russia's reserves are expected...

The decision to exclude various Russian lenders from the SWIFT messaging system could result in missed payments and giant overdrafts within the international banking system and spur monetary authorities to reactivate daily operations to supply the market with dollars, according to Credit Suisse Group...

The banning of certain Russian banks from the SWIFT international payment system could push central banks to enhance liquidity to offset missed payments, a Credit Suisse strategist said on Sunday. "Exclusions from SWIFT will lead to missed payments and giant overdrafts similar to the missed payments and gian...

U.S. banks are preparing for retaliatory cyber attacks after Western nations slapped a raft of stringent sanctions on Russia for invading Ukraine https://www.reuters.com/world/india/war-with-ukraine-putin-puts-nuclear-deterrence-forces-alert-2022-02-27, cyber experts and executives said. Tensions between Russia and the West escalated on Saturday as the United States and its allies moved to block https://www.reuters.com/world/europe/eu-announces-new-russia-sanctions-with-us-others-including-swift-2022-02-26 some Russian banks from the SWIFT international payment system https://www.reuters.com/markets/europe/swift-block-deals-crippling-blow-russia-leaves-room-tighten-2022-02-27 and placed curbs on the Russian central bank's international reserves. Western governments have warned for weeks that the tensions could spark massive cyber attacks from Russia or its supporters.

Deutsche Bank warns investors the war between Russia and Ukraine has spilled over into financial assets, and how that ends up is very unclear.

With the ruble plunging overnight after the West imposed tough new sanctions over the war in Ukraine, crashing as low as 115 against the dollar with the USDRUB last seen just south of 100...

JP Morgan is the first bank to take a crack estimating how Western sanctions will impact the Russian economy. It looks ugly.