Analytics

The Silver Institute said that the volume of such a share is 4-6%. This data comes from a leading consulting firm.

The gold market suffers from a lack of upward trend due to an increase in interest rates. This circumstance forced one Canadian bank to lower its forecasts for gold and silver quotes.

In China, the demand for precious metal has increased over the past two months, despite the introduction of quarantine restrictions in some cities. The indicators of the withdrawal of precious metal from the Shanghai Gold Exchange in August and the volume of imports for July increased.

The gold market suffered due to the aggressive monetary policy of the Fed, which led to higher bond yields and the American currency index. However, the French bank Société Générale believes that it is better not to sell gold from its portfolio against the background of current conditions, given the high level of instability.

The multinational corporation "Standard Chartered" believes that precious metal cannot now rise in price due to a certain set of circumstances, but the depreciation will be uncritical.

The global gold reserve for July grew by 37 tonnes, up from 64 tonnes in June, according to the World Gold Council. Consequently, since the beginning of the year, the cumulative indicator has exceeded 300 tons.

The country's gold reserve fell to a 23-year low in July this year, according to Malta's central bank. As a result, Malta has little to no yellow metal left to protect its financial stability in the event of a crisis.

Gold has become one of the most talked about assets this year amid the global economy approaching stagflation a la 1970s as inflation rises and economic activity falls.

From the beginning of the year until the end of June, Kuwaiti citizens and residents bought about 9 tons of gold in the form of ingots, coins and jewelry. In value terms, the volume of demand turned out to be the same as for the same period last year.

In July, silver coin and bullion sales reached the second-highest monthly figure on record, namely 2.46 million ounces, up 61.8% from June and 89.3% year-on-year.