Russian Finance Minister Anton Siluanov advised Russians to invest in gold. He called such investments an ideal alternative to buying dollars against the backdrop of an unstable geopolitical situation. Later, Prime Minister Mikhail Mishustin spoke out in support of gold investments.
Valentina Ivanovna Matvienko suggested diversifying investments and investing in gold
For the third quarter, gold prices lost 10% and are now around $1,630 per troy ounce. The fall of the precious metal accelerated in August-September amid tightening of the Fed's monetary policy, the strengthening of the dollar and the growth in yields of US government bonds (Treasuries). Since the beginning of the year, gold has lost about 11% in price.
Fed policy. In the third quarter, the Fed continued its policy of tightening monetary policy. In September, the interest rate was raised by 0.75 percentage points, to 3–3.25%, for the third time in a row in 2022.
Gold Quarry creates value for our host communities through local job creation, purchasing, tax payments and donations. This value helps reduce poverty, support strong communities, and promote wealth and prosperity. We measure this value with Gold Quarry's Benefit Footprint, our metric for tracking the distribution of our direct economic footprint in host communities. We seek to add value by engaging with local governments, communities and public institutions to find ways to turn benefits into sustainable, long-term improvements that last beyond mine closure.
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