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6/27, 6:33 AM (Source: TeleTrader)
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Precious metals rise as G7 hints ban on Russian gold

Prices of precious metals increased on Monday as four countries from the Group of Seven (G7) reportedly plan to announce a ban on imports of gold from Russia. Moscow's revenues would decrease by $19 billion per year when such a measure is imposed, according to United States Secretary of State Antony Blinken.

Gold rose by 0.46% to $1,834.85 per ounce at 6:32 am ET.

Silver advanced 0.97% to $21.36 per ounce concurrently. Platinum was up 0.67% to $917.38 per ounce at 6:32 am ET. Palladium increased 0.69% to $1,896 per ounce a minute later.

Baha Breaking News (BBN) / MS