The price of gold on the spot market was quoted yesterday at the level of 1716 dollars per ounce, which corresponds to 1673 euros. An ounce of silver cost $18.85 or €18.37. Thus, the price of gold in European currency was 2.8% lower than the previous week
Recently, the world price of gold fell below $1,725 an ounce. However, by the end of the current 2022, the yellow precious metal may return to the $2,000 mark, at least, this opinion was voiced by the American bank Wells Fargo, whose report is cited by
Given the runaway inflation and dangerous geopolitical situation, some precious metals analysts called gold prices this year "disappointing". However, the traditional anti-crisis defense of gold manifested itself in something else: relatively low volatili
The policies of the US Federal Reserve are costing gold investors dearly. As a result of trading in June, the price of gold fell by more than 8% in the second quarter of 2022, which was the worst three-month indicator since the first quarter of 2021, and
Famed analyst and investor Jim Rogers is expecting the worst bear market of his life in the stock markets. But he wants to wait and see before buying gold and silver to get better prices for those precious metals.
Ted Oakley of Oxbow Advisors in a recent interview with Sprott Insights asked John Hathaway about the gold and equity markets and asked why investors should consider investing in gold now. Hathaway blamed the Fed for the inflation, stating that "the Fed i
Central banks around the world attracted attention in June this year by raising their key interest rates. However, according to a recent World Gold Council (WGC) survey, gold reserves continue to play an important role in central bank monetary policy.