The World Gold Council (WGC) published its latest report on the state of the world gold market for the second quarter of 2022 last week, the results of which turned out to be relatively mixed.

Volatility in the markets cannot hide the fact that the pace of economic development is slowing down. In such conditions, gold serves as a safe haven for capital. So, the Fed decided to raise its key interest rate by 0.75% at the very time when all econom

Federal Reserve Chairman Jerome Powell said last week that the US economy is not in a recession. Biden administration officials seem to agree, including National Economic Council Director Brian Dees and Treasury Secretary Janet Yellen.

Although aggregate demand for gold fell 8% year on year to 948 tons, some sources of demand saw decent growth. In addition, demand for the first six months of the current 2022 was 12% higher year-on-year, reaching 2,189 tons.