Breaking: Silver Tops $38 for First Time Since 2011 
As gold prices hit record highs, Russia’s precious metals exports to China nearly doubled, reaching $1 billion in the first half of the year.
With Western markets largely closed to Russian bullion since 2022, China has emerged as a crucial trading partner. This shift underscores a broader realignment in global trade, where rising geopolitical tensions and central bank buying are fueling gold’s 28% price surge.
Russia’s retail demand for gold is also booming, while major producers like MMC Norilsk Nickel are capitalizing on strong Chinese demand for palladium and platinum—both up sharply this year.
