1 MONGOLIA INVESTMENT FORUM TAKES PLACE IN NEW YORK CITY WWW.MONTSAME.MN PUBLISHED:2025/04/30      2 MONGOLIA’S LENDMN SECURES $20M DEBT FINANCING FROM LENDABLE WWW.FINTECHFUTURES.COM  PUBLISHED:2025/04/30      3 JADE GAS CONFIRMS SIGNIFICANT GAS POTENTIAL IN MONGOLIA WWW.TIPRANKS.COM  PUBLISHED:2025/04/30      4 TRANSFORMING REMOTE MINING: HOW IPCC TECHNOLOGY CAN REDEFINE OPEN-PIT OPERATIONS IN MONGOLIA’S GOBI DESERT WWW.UBPOST.MN PUBLISHED:2025/04/30      5 MONGOLIA REMAINS UNDEFEATED AT THE ICE HOCKEY WORLD CHAMPIONSHIP 2025 DIVISION III WWW.MONTSAME.MN PUBLISHED:2025/04/30      6 PRIME MINISTER OYUN-ERDENE VISITS EGIIN GOL HYDROPOWER PLANT PROJECT SITE WWW.MONTSAME.MN PUBLISHED:2025/04/30      7 ‘I FELT CAUGHT BETWEEN CULTURES’: MONGOLIAN MUSICIAN ENJI ON HER BEGUILING, BORDER-CROSSING MUSIC WWW.THEGUARDIAN.COM PUBLISHED:2025/04/30      8 POWER OF SIBERIA 2: ECONOMIC OPPORTUNITY OR GEOPOLITICAL RISK FOR MONGOLIA? WWW.THEDIPLOMAT.COM PUBLISHED:2025/04/29      9 UNITED AIRLINES TO LAUNCH FLIGHTS TO MONGOLIA IN MAY WWW.MONTSAME.MN PUBLISHED:2025/04/29      10 SIGNATURE OF OIL SALES AGREEMENT FOR BLOCK XX PRODUCTION WWW.RESEARCH-TREE.COM  PUBLISHED:2025/04/29      ДӨРВӨН УЛИРЛЫН АЯЛАЛ ЖУУЛЧЛАЛЫН ҮЙЛ АЖИЛЛАГАА ЭРХЛЭГЧДЭД ХӨНГӨЛӨЛТТЭЙ ЗЭЭЛ ОЛГОНО WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/30     Н.УЧРАЛ: НЭЭЛТТЭЙ СОНГОН ШАЛГАРУУЛАЛТ ЗАРЛАЖ ҮҮСМЭЛ ОРДУУДЫГ АШИГЛУУЛДАГ БОЛНО WWW.EAGLE.MN НИЙТЭЛСЭН:2025/04/30     849 ТЭРБУМЫН ӨРТӨГТЭЙ "ГАШУУНСУХАЙТ-ГАНЦМОД" БООМТЫН ТЭЗҮ-Д ТУРШЛАГАГҮЙ, МОНГОЛ 2 КОМПАНИ ҮНИЙН САНАЛ ИРҮҮЛЭВ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/30     ХУУЛЬ БУСААР АШИГЛАЖ БАЙСАН "БОГД УУЛ" СУВИЛЛЫГ НИЙСЛЭЛ ӨМЧЛӨЛДӨӨ БУЦААВ WWW.NEWS.MN НИЙТЭЛСЭН:2025/04/30     МЕТРО БАРИХ ТӨСЛИЙГ ГҮЙЦЭТГЭХЭЭР САНАЛАА ӨГСӨН МОНГОЛЫН ГУРВАН КОМПАНИ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/04/30     "UPC RENEWABLES" КОМПАНИТАЙ ХАМТРАН 2400 МВТ-ЫН ХҮЧИН ЧАДАЛТАЙ САЛХИН ЦАХИЛГААН СТАНЦ БАРИХААР БОЛОВ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/04/30     ОРОСЫН МОНГОЛ УЛС ДАХЬ ТОМООХОН ТӨСЛҮҮД ДЭЭР “ГАР БАРИХ” СОНИРХОЛ БА АМБИЦ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/30     МОНГОЛ, АНУ-ЫН ХООРОНД ТАВДУГААР САРЫН 1-НЭЭС НИСЛЭГ ҮЙЛДЭНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/29     ЕРӨНХИЙ САЙД Л.ОЮУН-ЭРДЭНЭ ЭГИЙН ГОЛЫН УЦС-ЫН ТӨСЛИЙН ТАЛБАЙД АЖИЛЛАЖ БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/29     Ц.ТОД-ЭРДЭНЭ: БИЧИГТ БООМТЫН ЕРӨНХИЙ ТӨЛӨВЛӨГӨӨ БАТЛАГДВАЛ БУСАД БҮТЭЭН БАЙГУУЛАЛТЫН АЖЛУУД ЭХЛЭХ БОЛОМЖ БҮРДЭНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/29    

Potential Russian oil ban pushes gold price above $2,000 www.mining.com

Gold extended its biggest weekly advance since July 2020 amid reports of the US and its allies contemplating an embargo of Russian oil, raising concerns about higher inflation and slowing economic growth.
However, the metal eased back after a spokesperson for the German government said it was against entering into the next sanctions spiral, possibly signaling disunity when it comes to the oil ban. The US is considering whether to act without help from its allies in Europe, according to Bloomberg sources.
Spot gold was up 0.3% by noon ET, trading at $1,982.16 an ounce after surpassing the $2,000 level for the first time in 18 months. US gold futures gained 0.8% to $1,982.60 an ounce.
Meanwhile, benchmark real Treasury yields have fallen deeper into negative territory in recent weeks, as expectations for higher inflation and lower growth are priced in, making non-interest bearing gold more attractive.
The precious metal has rallied even as the dollar rose to the highest since July 2020, a sign of its investment appeal as a haven.
Any escalation of the war “could push the world economy toward a stagflation scenario, which we see as very bullish for gold,” Carsten Menke, head of next generation research at Julius Baer Group, wrote in a Bloomberg note.
“Investors who see the potential for worsening could seek some protection in gold, but need to be aware that prices will likely retreat if their assumption does not hold true,” Menke added.
Investors in both exchange-traded funds and futures are now upping their bullish bets. Inflows into ETFs last week took holdings to the most in almost a year, while the net-long position of hedge funds trading the Comex are now the highest since August 2020.
(With files from Bloomberg)


Published Date:2022-03-08