The Commodities Department of the US bank Goldman Sachs has confirmed its forecast for gold at $ 2,000 per ounce. But not all bank analysts are optimistic about the prospects for the yellow precious metal.

Kitco News recently interviewed precious metals analyst Peter Grandich, during which they discussed the situation in the financial markets.

The Fed's actions over the past year have led many to believe that much higher inflation is a foregone conclusion. This leads to another expectation of an imminent rise in gold prices. It sounds logical, but it's not that simple.

The Russian Ministry of Finance recently announced its plans, according to which in the period from July 7 to August 5, 2021, it intends to buy foreign currency and gold in the amount of 13.5 billion rubles a day. This was reported by the Reuters news age