Analytics

At the beginning of 2021, the gold market was in a downtrend. The World Bank predicts the continuation of this yellow metal quotation trend during 2021-2022.

Two months have passed since private investors, participants in specialized forums on the Reddit social network, boosted the stock prices of GameStop and other companies to sky-high heights through coordinated purchases. The excitement during this time is verse, and the indicators returned to normal.

The Royal Mint of Great Britain issued a huge gold coin dedicated to the Queen's Beasts series. This is the largest coin in 1,100 years of Mint history.

Precious metals are reliable money, and bitcoin will not be able to fulfill this role. The market for this cryptocurrency is small and not recognized by the vast majority of investors. However, its price has been steadily increasing since the beginning of 2017. Recently, the demand for precious metal has decreased due to the rapid growth of bitcoin quotes.

China is the largest gold producing and consuming country in the world. Every year, it sells more than 100 tons of yellow metal products worth tens of billions of dollars. The coronavirus pandemic had a negative impact on the gold market in the Middle Kingdom.

In the first three months of this year, an ounce of yellow precious metal fell by almost $300. Gold quotes decreased by 13%, from 1943 to $1691. This is the most depressing quarterly indicator since 2016.

Yellow metal is one of the most important protective assets. Recently, the popularity of precious metal has grown rapidly. Investors are willing to buy it in times of pandemic and economic instability.

Gold and silver are the most reliable financial instruments. They help protect money from economic downturns and financial crises. Investments in precious metals keep your capital purchasing power. Gold and silver significantly reduce the risks of the investment portfolio.

Yellow metal has been known to man since ancient times. Archaeological finds indicate that precious metal was used already in the Neolithic era - in the V-IV millennium BC. e.

In Bangladesh, over the past 10 years, gold investments have grown by more than 37%, totaling about $554 million. On September 7, 2010, the Central Bank of the country first acquired 10 tons of gold from the International Monetary Fund, investing $403 million to diversify its foreign exchange reserves.