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Gold price hits six-month high

Gold prices hit their highest level since May on Monday, hovering above $2,000 per ounce, thanks to a weaker US dollar and speculation that the Federal Reserve’s interest rate hike cycle is over. Spot gold was up 0.6% at $2,012.92 per ounce by 10:19am GMT after hitting its highest level since May 16 at $2,017.82,…

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Russian tycoon expects EU to cave in on gas purchases

Сold winters will make the ‘Eastern compromise’ acceptable for Brussels very soon, according to Oleg Deripaska EU nations will have to return to Russian natural gas supplies within a year and a half, Russian businessman Oleg Deripaska predicted on his Telegram channel on Monday.

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China rubbishes Western media Crimea claim

The Washington Post’s reporting on a secret Chinese-Russian tunnel project is “baseless,” Beijing has declared Reports of a Chinese-Russian project to build a tunnel between Crimea and the Russian mainland are “baseless,” Chinese Foreign Ministry spokesman Wang Wenbin has said. Citing Ukrainian spies, the Washington Post claimed last week that executives from both countries have…

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