Gold, silver in consolidation phase once more – Phillips

"While a large number of countries around the world continue to talk about securing raw material supply, China is actually doing something about it."

Gold has hit successive records this year and is set to close 2024 more than 25% higher.

At Monday's close, Russia's largest gold producer was the most expensive of all blue-chip stocks on the Moscow Exchange.

El Salvador became the first country in the world to ban all forms of metals mining in 2017.