The fall of the rouble strengthens "Russian" gold.

Last year one of the main factors affect the price of gold, in addition to long-term uncertainty with the Fed interest rates, was the strengthening of the US dollar against other currencies, including the Russian rouble.

However, despite the fact that the strengthening of the dollar contributed to the reduction of the precious metal prices, Russian companies increased their revenues by significantly reducing the production cost due to the depreciation of the rouble, and investors had yield growth from investments in gold.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
42a Pushkina Street; Ufa, Bashkortostan 450076; Russia
E 54° 43.48836" N 55° 55.52346"
Telephone: +7 927 303 00 25

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer