Russia President Putin banned the export of gold bars weighing over 100 grams from the Russian Federation as of May 1st, with a number of exceptions, according to Tass

Russia's ban on the export of gold bars over 100 grams introduces restrictions that could tighten global supply and elevate gold prices. This move may signal an intention to stabilize precious metal reserves amid sanctions and economic pressures, impacting currencies like the USD and EUR as well as influencing market flows toward safe-haven assets. Traders should watch for potential ripple effects across the commodities and FX markets as these changes unfold.