The states imported almost 400 tons of gold in the first half of 2020. In April and May alone, 272 tons of the yellow precious metal were imported. This is reported by the United States Geological Survey (USGS) in its report.
President of the analytical company Sprott U.S. Holdings said in an interview with Kitco News that the US Federal Reserve will keep interest rates low to support economic growth in the country, which means the price of gold will continue its upward trend.
The World Gold Council (WGC) has published data on the world's gold reserves. However, there are some inconsistencies in them. But we can say for sure that India and Turkey continue to actively buy the yellow precious metal for their reserves.
Kitco News discussed the gold market situation in a recent interview with a representative from the World Gold Council (WGC) following the publication of a supply and demand survey. As before, the gold market maintains favorable conditions for continued p
The recent price rally in the gold market indicates one very big problem, namely the loss of confidence in the modern currency system. This opinion was voiced by analyst John Laforge from the American bank Wells Fargo.
Australian gold prospectors were able to find two large nuggets of gold in one day. In our time, this is a great rarity, since most of the gold-bearing areas are already well studied. Finding something valuable there is almost impossible.
Several important events will take place this week that could have a significant impact on the gold and silver market. One such event is the annual meeting in Jackson Hole, where an economic symposium will be held, at which the head of the US Federal Rese
Analyst Christopher Wood confirmed his bullish outlook for the gold market. Back in early 2020, he predicted the growth of the yellow precious metal to $ 4,200 per ounce. In a recent market review, he revised his forecast upward. This is reported by the B
Last week showed that with the falling price of gold, the number of contracts on the COMEX futures exchange again shows a decrease. At the same time, there is an increase in applications for the supply of physical precious metal.