Analytics

Gold tends to rank prominently on the list of investment instruments. Unlike other assets, investing in the yellow metal gives investors a greater degree of confidence and security. Dragmetal is considered a practically risk-free way of storing wealth.

The Indian Center for Research in the Field of Yellow Metal has prepared a report "Gold Market for 2022" on the consumption of precious metal in the country's households. The report was prepared on the basis of a survey of 40 thousand households. It said per capita consumption of precious metal was the highest among wealthy people, but the lion's share of the yellow metal sales figure was still in the middle-income group.

Africa is becoming a major source of precious metal supply. Successes in this context have been reported in Zimbabwe. In 2021, a record volume of production was achieved in the country.

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.