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News

Lapkričio 29, 2023

It can be noticed that this week is extremely favourable for gold and silver - their prices have risen very strongly. Other metals are relatively stable. Nasdaq.com says that the US dollar is falling again, which is affecting this week's price movements. There is also talk that inflation is coming down, but when this will be more pronounced and how it will affect the precious metals market, remains to be seen (source: Etftrends.com).
The price of gold rose to a record high. It is currently priced at $2017.29 an ounce. This period is really good for the yellow metal. It's wedding season in India, so the demand for gold jewellery has increased (source: Smefutures.com). Experts share positive forecasts for gold - they say that the demand for it will only grow (source: Cnbc.com). Ourbitcoinnews.com says that you should take a chance and invest in gold, silver and bitcoins. The gold price is said to remain above the $2,000 an ounce mark (source: Think.ing.com).

Lapkričio 21, 2023

This week, the prices of all precious metals increased quite strongly. Such price fluctuations have been occurring more and more recently. For some metals, the coming year is predicted to be successful, so their increasing value seems logical.
The price of gold increased. It is currently trading at $1,981.48 an ounce. Gold.org says that wholesale gold demand in China has eased somewhat, but reserves continue to grow. However, the strongest impact on the price of gold at the moment is the demand for the metal in India, which is in the midst of their traditional holiday period, which is not complete without gold jewellery (sources: Nasdaq.com, Heraeus.com). Kitco.com predicts that both in 2024 and 2025 will be successful for this metal.

Lapkričio 14, 2023

Prices for all precious metals fell slightly this week. Such periods are not new in the precious metals market. However, the prices of many metals have decreased slightly, so there is no need to worry. Experts' forecasts are still vague and do not tell much about what can be expected in the future.
The price of gold fell slightly. It is currently trading at $1,946.74 an ounce. However, the markets are reacting to this by increasing gold reserves even more. It's no longer news that China has been buying gold non-stop, and also Japan has joined this trend (source: Scmp.com). In India, there are happening traditional festivals that also increase the sales of gold jewellery (source: Metalsdaily.com). Central banks say the price of gold is increasing demand for it (source: Schwabnetwork.com). According to Fxstreet.com, the price of the metal may drop to $1,900 an ounce, but this is likely to increase demand for the metal even more.

Lapkričio 8, 2023

This week, the prices of almost all precious metals fell somewhat. The main reason for this is the strengthening of the US dollar (source: Investing.com). A few months before the end of this year, it is believed that the values of precious metals will not change very significantly and will be in similar positions as they are now.
The price of gold fell slightly. It is currently trading at $1,976.13 an ounce. Since changes in the price of gold have always been closely related to changes in the US dollar, it is natural that when it rises, the value of gold can fall. Dailyfx.com says that the price of this metal should stabilize at the $1980 an ounce mark. It is important to note that a temporary decrease in the price does not mean anything bad - for example, China continues to increase gold reserves and plans to do so next year, so this drop in value is even favourable for buying (sources: Borneobulletin.com.bn, Newsweek.com). It is no news that gold is still considered one of the safest and most reliable investments.

Spalio 18, 2023

It can be seen that gold and silver are doing best this week. The main reason for the increase in the price of these metals is the military conflict in Israel (source: Nasdaq.com). All other metals are in similar price positions - some are trying to recover a bit; others are having a harder time. Recently, the US dollar exchange rate has also been fluctuating, so during this volatile period, one can expect various changes that are not necessarily related to previous expert forecasts (source: Barchart.com).
The price of gold rose sharply this week. It is currently trading at $1,920.31 an ounce. Experts, looking at current trends and events affecting the value of gold, say that its price will rise further in the near future (source: Goldswitzerland.com). In India, the festive period is approaching, during which the demand for gold jewellery increases dramatically; however, the country is looking for a way to become as less dependent on the purchase of this precious metal from other states (source: Timesofindia.indiatimes.com).

Spalio 11, 2023

This week's developments in the precious metals market once again prove how the events taking place in the world also affect the prices of metals. The war that has started in Israel allows some metals to consolidate and increase their prices, while for others, on the contrary, the prospects may even decrease (source: Metalsdaily.com). Along with inflation, the war in Ukraine – it still has an undeniable impact on metal values. A truly difficult forecasting period awaits.
The price of gold increased this week. It is currently trading at $1,860.95 an ounce. Experts say that the military conflict in Israel has the greatest influence on the rise in the price of the yellow metal (sources: Brecorder.com, Businesslive.co.za). Gold is unforgettable as a reliable investment in any challenging times. Sources say that China continues to increase gold reserves (sources: Caixinglobal.com, Bnnbloomberg.ca).

Spalio 4, 2023

Precious metal prices continue to fall. The reasons remain the same: fear of recession, economic crisis, geopolitical challenges - it looks like it will continue for at least another year (sourced: Fxempire.com, Investing.com). Such price declines in the precious metals market should not necessarily be taken as a negative sign - investors are certainly taking advantage of such a situation and increasing stocks of some metals.
The price of gold fell this week. It is currently trading at $1,828.15 an ounce. Fxtreet.com notes that the yellow metal has struggled to recover for quite some time. The price of gold is also influenced by the fluctuation of the US dollar exchange rate, but experts believe that the price of the metal should no longer fall (sources: Investing.com, Fxcm.com). China is still increasing its gold reserves (source: Usfunds.com). Thepeninsulaqatar.com also believes that investing in gold is now very worthwhile.

Rugsėjo 27, 2023

Precious metal prices fell this week. Recently, the challenges have not decreased: the continuing economic crisis around the world, the challenges of the war in Ukraine and other reasons are factors that do not ease the situation. It is naive to expect the prices of precious metals to rise steadily. However, apart from these fluctuations, some metals still appear to be quite stable.
The price of gold fell this week. It is currently trading at $1,916.94 an ounce. Bullionvault.com says that the yellow metal is holding up really well during this period. For example, central banks have started increasing gold reserves again (source: Oilprice.com). Home.saxo noted that crude oil and gold are among the main instruments being invested in. China is still experiencing a gold investment boom (source: Gold.org).

Rugsėjo 20, 2023

This week is volatile in the precious metals market. And this is not surprising - the interest rates that continue to grow, aiming to stop inflation, and the phenomenon of inflation itself have a clear influence on the prices of precious metals. It looks like the economic situation will be just as volatile for at least another year. Still, on the whole, most precious metals are holding up well, and the promising outlook for some remains intact.
The price of gold increased this week. It is currently trading at $1,934.03 an ounce. Nasdaq.com says that the weakening of the US dollar may also have an impact on the increase in the value of the metal. China's desire to increase its gold reserves is not going anywhere - reserves continue to grow rapidly (source: Archive.ph). Heraeus.com says that gold is holding up really well in terms of market volatility. Experts predict that the price of the metal will definitely increase this year (source: Investing.com).

Rugsėjo 13, 2023

This week, the prices of all precious metals fell a bit, but it can be seen that the decreases in values are not significant, so it is a bit premature to predict that the prices of metals will continue to fall. This week's price changes were largely influenced by stronger inflation in the US (source: Nasdaq.com). It's a really volatile year, but overall precious metals are still holding up well, and the outlook is still very bright for some.
The price of gold fell slightly. It is currently trading at $1,922.29 an ounce. Cnbc.com says that the decline in the price of the yellow metal was influenced by changes in inflation in the United States. However, experts agree that the metal is still holding steady during this period (sources: Investing.com, Myrepublica.nagariknetwork.com). China is still taking advantage of the opportunity to increase gold reserves intensively (source: Oilprice.com). Fxleaders.com says that the price of gold will depend on further developments in inflation. Experts believe that in a year, gold could cost as much as $2,500 an ounce (source: Zawya.com).