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Deputy Minister of Economy of Ukraine: Ukraine and the United States have reached an understanding, and the Ukrainian parliament needs to approve the mineral trade agreement next.According to TASS: The number of regions in Russia where energy facilities have been attacked by Ukraine has increased to 18. On March 18, US President Trump proposed that the parties to the conflict refrain from attacking energy facilities within 30 days.The General Staff of the Ukrainian Armed Forces: In the past day, the Russian army lost about 1,530 soldiers, as well as 8 tanks, 40 armored personnel carriers, 88 artillery systems and other equipment.On April 18, U.S. Secretary of State Rubio said that Europe needs to decide whether it is willing to re-impose sanctions on Iran as it becomes clear that it is close to developing nuclear weapons. Rubio said: "The Europeans need to make a decision because I believe we should all expect that they are about to receive a report from the International Atomic Energy Agency. The report will point out that Iran is not only not complying with the regulations, but is dangerously close to nuclear weapons, closer than ever before." Rubio said that the U.S. government is seeking a peaceful solution with Iran, but will never tolerate the countrys development of nuclear weapons. "The agreement should not only prevent Iran from having nuclear weapons now," he said of the possible agreement. "It should also be true in the future, not just a 10-year provision with some kind of sunset clause or something like that."ECB board member Mueller: Greater fragmentation of the world economy could push up prices.

Gold Prices Increase in Response to Inflation Fears And Ukraine Concerns

Charlie Brooks

Apr 08, 2022 09:26

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By 2:13 p.m. ET, spot gold XAU= was up 0.5 percent to $1,934.69 per ounce (1812 GMT). Gold futures in the United States increased by 0.8 percent to $1,937.80.


"Once inflation resumes, which I believe it will, it will work in favor of gold, even in the face of the Fed's aggressive monetary policy," Jim Wycoff, senior analyst at Kitco Metals, said.


The Fed's March meeting minutes revealed growing anxiety among officials that inflation had spread across the economy, with "many" members preparing to hike interest rates in large 50-basis-point increments in the coming sessions. 


Rising interest rates in the United States raise the potential cost of bullion holdings while strengthening the currency.


The dollar index =USD eased off a near two-year high reached earlier in the day, while benchmark US 10-year Treasury rates likewise remained around a multi-year high reached on Wednesday. 


Ukraine has increased its requests for crushing financial penalties to compel Moscow to terminate the conflict, while NATO nations have decided to bolster their support for Kyiv. 


Wall Street's major indexes sank for the third consecutive day, as growth stocks extended losses on worries about a more hawkish Federal Reserve and the Ukraine crisis.


Palladium XPD= increased by up to 3.7 percent to about $2,278 per ounce.


"Palladium has historically been quite volatile. Today's focus is on recouping some of yesterday's losses, "Miguel Perez-Santalla, Heraeus Metals Management's head of trading, sales, and marketing in New York, concurred. (Entire Story)


Russia produces between 25% and 30% of the world's palladium, a metal used by manufacturers to decrease pollution from engine exhausts.


Silver XAG= increased 0.6 percent to $24.58 per ounce, while platinum XPT= increased 0.9 percent to $961.53.

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