Andrey Litvinov
Director
French bank Société Générale considers gold a protective asset
09.21.2022
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.
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Gold could drop to $1,700 an ounce
09.08.2022
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.
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In July, central banks continued to buy gold
09.08.2022
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.
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