The fall of the rouble strengthens "Russian" gold.
Edited by Rhod Mackenzie
Finance Metals and mining Russia Russia mineral extraction Shares Nord Gold Russia Metals and Mining Polymetal Polyus Gold Gold Silver
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.
