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In 2022, gold increased by 15% at the beginning of the year due to the situation in Ukraine. Russia is a major gold producer, but it has not sold gold abroad and has even accumulated gold reserves. The G7 has banned imports of gold from Russia, but this will…Continue readingThe 2023 gold rally is possible?
The London Bullion Market Association (LBMA) is a trade association that represents the global over-the-counter (OTC) market for gold and silver bullion. The LBMA is responsible for setting the standards for good delivery of gold and silver, and for maintaining the integrity of the OTC market. The LBMA Gold…Continue readingThe London Bullion Market Association (LBMA).
From the Franc to the Euro, La Monnaie de Paris remains closely entangled with the history of France and its coinage. La Monnaie de Paris is a state owned industrial and commercial company, which holds the monopoly of manufacturing circulating coins for the French Republic. La Monnaie de Paris…Continue readingThe french Monnaie de Paris (Paris Mint).
In this article, we’ll review some of the biggest sources of supply and demand in the gold market today, with a discussion about the potential future or spot price of gold. First, let’s cover the upward pressures on gold prices. Pressures for the Gold Rate to Increase: Next, let’s…Continue readingWhy gold price is going up (or down)?
Prior to U.S. trading on Monday, gold prices in the wholesale market climbed to $1,758 per ounce. The euro, stocks, and other commodities also gained following a stimulus-related announcement by Federal Reserve. This same announcement caused prices of government bonds to fall. Meanwhile, India gold demand remained low, causing…Continue readingIndia’s gold demand declines 18% to 135.5 tonnes as inflation hits buyers.
As is often the case, there is a big difference between what the government statistics are reporting and what’s going on in the real world. According to the most recent inflation reading published by the Bureau of Labor Statistics (BLS), consumer prices grew at an annual rate of just 8.2 % in…Continue readingEnergy and food drive US inflation to new 40-year high.