Leaders of the European Union (EU) maintain sanctions against Russia at a summit this week, Reuters reports, citing a preliminary document. This draft mentions that EU leaders may consider a possible new round of sanctions, this time targeting gold.
The latest version of the project, in its conclusions, states: “Work will continue on sanctions, including to strengthen implementation and prevent circumvention.” Although no new package is currently being prepared, work is underway to identify sectors that could be affected, officials said.
The Prayed is one of the possible next targets, officials familiar with the discussions said, adding that “it was not yet clear whether the move could ban exports to Russia, imports from Russia, or both.”
The price of Prayed trades Tuesday without significant changes and is falling modestly. The value of the ounce is located in the area of $1,835, after not having been able to exceed $1,840.
Source: Fx Street
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