(kitco.com) - Russia's war in Ukraine has fundamentally changed the geopolitical landscape. According to one market analyst, globalization is dead and that will create a positive environment for gold. In a recent telephone interview with Kitco News, Robert Minter, director of ETF Investment Strategy at abrdn, said even if Russia stops its invasion of Ukraine, it is unlikely that globalization trends will go back to peak levels seen just a few years ago. Domestic supply chains will lead to higher prices for finished goods, keeping inflation pressure elevated for the foreseeable future, he said.
News
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Israel’s diamond sector poised for revival following tax reforms and De Beers comeback
De Beers, one of the world's major diamond market players, has announced the resumption of its operations in Israel after a nine-year absence, which became the latest sign of revival of the diamond industry in the country.
Yesterday
Kefi Gold and Copper restarts Tulu Kapi development after safety review
Kefi Gold and Copper has resumed development at its Tulu Kapi gold project in Ethiopia following a suspension that began on September 7 after a serious safety incident three days earlier.
Yesterday
Nornickel implements smart melt monitoring system
Norilsk Nickel has installed a smart melt monitoring system at its metallurgical plant in Norilsk in collaboration with Reksoft. The system uses computer vision to assist the converter operator in identifying phases during the tapping process.
Yesterday
ALROSA to help amplify Arctic agenda at UN
In preparation for the 31st UN Climate Change Conference (COP31), ALROSA experts and other stakeholders from Russia discussed a unified approach to strengthening the country’s position and the Arctic agenda at UN climate conferences.
Yesterday
