Morning Bites
 
📈Russia’s gold output declined 3.6% YoY in August, decelerating from the 12.3% YoY drop in July, per Rosstat data. Despite two consecutive months of falls, output was up 3.8% YoY on 8mo23 basis. Russia accounts for ~9% of the world's mined gold output. Overall, the gold miners' cost pressure remains tight, while the global macroeconomic environment is still unfavourable. Hence, we maintain our positive outlook on the yellow metal's future performance

#gold
https://metals-wire.com/sector/Gold