Morning Bites (part 2)

📈Russia’s gold production was up 10.5% YoY in April, decelerating from the 26.5% YoY jump in March, according to Rosstat. However, on our numbers, the figure was still down 11.5% vs. the 2021 level: the positive dynamics seen recently are likely driven by the low base effect from 2022. Despite some YoY recovery in Russia’s output (~9% of the world's gold mine output), we reiterate our bullish view on the precious metal, amid strong physical gold demand and rising producer cash costs globally

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