Inflation in the economies of many countries of the world has long become an everyday reality. The rise in the price of gold is proof that fiat currencies are losing their purchasing power. The result of this process can be the complete destruction of cur
American investment bank Goldman Sachs raised its forecast for gold and silver for the next 12 months. According to Reuters, the bank's analysts predict the growth of the yellow precious metal to $ 2,300 per ounce. The previous forecast was at $ 2,000.
The protective asset gold has been demonstrating strengthening of its positions for several weeks in a row. We are not talking about weakening the speech yet. On Monday, the price of gold reached 1,656 euros, which corresponds to just over $ 1940 per ounc
The gold rate in US dollars has been growing steadily throughout history (see chart below). In Great Britain, the price of an ounce of the precious metal was set at 0.89 pounds sterling in 1257, which corresponds to about 4 US dollars at the time of the a
The spot gold price closed last week at $ 1,900 an ounce, the first time since 2011. But it was not only the futures market that drove the precious metal, which also traded close to that mark for August delivery. Growth of gold compared to the previous we
The United States imported 349 tons of investment gold from Switzerland from March to June this year. In June this figure was 68 tons. On the COMEX Futures Exchange in New York, demand for physical precious metals has surged.
The gold market is experiencing an incredible 2020. The value of the precious metal has risen in almost all currencies of the world. Since the beginning of this year, gold has grown by 20%. The final results of the year will most likely please investors i
The famous investor and expert on the precious metals market, James Turk, recently spoke in an interview with King World News about the current situation in the gold market. He is very optimistic about the future prospects for the yellow precious metal.