The World Gold Council has published a review in which it talks about the fact that gold has unique properties that become most relevant during times of crisis.
Financial markets win back drone attack on oil refinery in Saudi Arabia. This incident may become a growth driver for the price of gold. On Wednesday, the next meeting of the US Federal Reserve will be held.
As it became known recently, gold mining in South Africa at the end of July this year again showed a decline. However, at the same time, the country sold 19% more precious metals abroad. This applies primarily to the Krugerrand gold investment coins.
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The price of gold in European currency fell -4% from a recent historic high. Now the yellow precious metal has entered the consolidation phase. However, the upward trend in the gold market continues.
Russia and China are known for regular purchases of gold for their reserves. But recently, more and more countries have been active in the gold market. As it became known recently, Uzbekistan sold 23 tons of yellow precious metals.
According to analyst Martin Armstrong, the world is now in the middle phase of the crisis, and Asian countries fear the intervention of the Chinese army against protests in Hong Kong.