Gold prices firmed on Monday, as some Western nations’ plans to ban imports of the metal from Russia for its invasion of Ukraine, signalled potentially tighter supplies of bullion.
FUNDAMENTALS
* Spot gold was up 0.2 per cent at $1,828.99 per ounce by 0102 GMT. U.S. gold futures were flat at $1,830.90.
* Four of the Group of Seven (G7) rich nations moved to ban imports of Russian gold on Sunday to tighten the sanctions squeeze on Moscow and cut off its means of financing the invasion of Ukraine.
KEFI Gold and Copper plc (LON:KEFI) is an exploration and development company focussed on gold and copper deposits, primarily in the highly prospective Arabian-Nubian Shield.