Analytics

Yellow metal is sometimes called a "barbaric relic," citing British economist J. M. Keynes. However, gold is not going out of fashion, especially in times of crises, rising inflation and hostilities.

In January 2022, Swiss gold exports to China rose to their highest level since December 2016. This year, China imported 70 tons of Swiss gold, while in 2016 it bought only 14 tons of precious metal.

The brokerage company in the commodity markets "Sucden" (UK) has published a forecast for precious metals for 2022. The report focuses on the impact of Fed policy and inflationary pressures on gray and yellow metals.

Last week, the volume of shares in the ETFMG Junior Silver Miners silver exchange funds grew by 5.5%, the Global X Silvers Miners - by 4.6% and the iShares Silver Trust - by 1.8%. At the same time, the rate of precious metal fluctuated around $23.5 per ounce.

The first coins were created at the end of the 7th century BC. In appearance, they differed significantly from modern coins. Over time, the quality of the final products improved, new methods for the production of coins appeared. Scientific and technological progress played an important role in this process.

Last week, the yellow metal rose marginally to settle above $1,800 an ounce. The reason for the rise in prices for precious metal was the decline in the dollar index against the euro and yen.

The Central Bank of the People's Republic of Bangladesh will issue a commemorative coin on the occasion of the 50th anniversary of the establishment of diplomatic relations between the country and Japan. Coins are minted from silver.

The European Commission has unveiled the design of a joint issue of the commemorative coin for 2022 with a face value of 2 euros. The design of the coin was designed in honor of the 35th anniversary of the Erasmus program in Europe. The launch of this program took place in 1987.

Perth Mint has released a silver opal coin celebrating the Year of the Tiger. The product is minted as a proof. The reverse of the coin is decorated with real Australian opal. The coin was created from 31.1 g of pure silver of the 0.999th sample. Its diameter is 36.6 mm. Face value - 1 Australian dollar. The circulation of the coin is 5 thousand copies.

The independent research agency MAGRAM Market Research, commissioned by the World Gold Council, conducted a study in which Russian experts estimated the optimal share of gold in the portfolio of the average Russian investor. In their opinion, it is 10-20%.