According to information provided by the Agency of economic information PRIME, OOO ZDK Polyus and OOO ZDK Kupol, established by the same individuals (not related to PAO Polyus and Kinross Gold), won auctions on sites of placer gold in Chukotka, follows from the information on the results of the tender.
Stocks of monetary gold in the international reserves of the Russian Federation in June rose by 1.26% (18.7 tons), and on July 1, 2016 amounted to 48.2 million ounces (1,499.19 tons), according to the Bank of Russia.
Currently gold is trading around the local level of support, namely weekly S1 at around 1,313.
“Silver’s impressive rally, which pushed prices up by more than 40% since the beginning of the year, seems to have come to an end."
“Following the latest report of the American Commodity Futures Trading Commission (CFTC), after overcoming a three-week high,the hedge funds and large speculators have begun to revise their long positions on gold..."
Silver — forecasts 2016. Silver posts longest slump in 8 months. Citigroup flags risks. Money managers increased their net-long positionson silver to record levels.
Subsoil users of the Altai Krai increased gold production by 7% to 357 tons, and reduced silver production by 43% to 10.373 tonsin the first half of 2016compared to the same period last year, according to the head of the regional department for industry and energy, Viktor Meshcheryakov, which answered the question of PRIME Agency during an online forum.