Metal recycling and recovery

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News

Liepos 29, 2020

July is likely to end with a positive trend, with prices for all precious metals (except copper) rising sharply. Of course, similar changes have been expected as the economic crisis does not go away, with the second wave of the coronavirus being announced in many countries around the world (source: Metalsdaily.com). In the coming weeks (probably even until the fall), metal values are set to continue to rise.
The price of the yellow metal rose at record high this week to $ 1947.22 an ounce. Finances.yahoo.com states that this is one of the highest values of this metal in a long time. Interestingly, the consumption of gold in China fell by 38.25% over the year (source: Thestandar.com.hk). However, there are several reasons for this: coronavirus with declining purchasing power and strained US-China relations. It should come as no surprise that gold is not highly bought in other countries as well - the reasons for this remain similar. Still, its price is rising as a potentially purchased investment.
Bnnbloomberg.ca says that the value of the yellow metal will definitely exceed $ 2,000 an ounce in the near future.

Liepos 22, 2020

Precious metal prices have risen this week as well. It can be seen that prices increase rapidly. This tendency is likely to continue as the pandemic-induced economic crisis is felt around the world (source: Metalsdaily.com).
The price of gold rose to $ 1818.16 an ounce. According to Uk.reuters.com, the rise in the price of yellow metal is mainly due to the already mentioned economic crisis caused by the pandemic. The world's central banks increased their reserves of the metal - 40 tons of gold were bought in May alone (source: Zerohedge.com). Fxstreet.com says that in the next 6-9 months, the yellow metal will reach its record price position - it may exceed $ 2,000 an ounce.

Liepos 15, 2020

Tendencies do not change - precious metal prices have risen again. Some jumped even at a record high. Metal values are likely to continue to rise in the near term due to coronavirus and its consequences, US-China tension, and the strengthening US dollar (source: Nasdaq.com).
The price of the yellow metal has been rising steadily lately - it currently costs $ 1,803.27 an ounce. Fxempire.com says that gold can really maintain its strong position until 2021. Experts also believe that gold is currently a very valuable investment (source: Oilprice.com). Russia has sold more gold than oil this quarter alone (source: Themoscowtimes.com). By the end of the year (and maybe even earlier), the price of the yellow metal could rise to $ 1,900 an ounce (source: Fidelity.co.uk).

Liepos 8, 2020

All precious metals’ prices rose this week. And metals’ values are likely to continue to rise as the coronavirus does not withdraw from the major states. Some precious metals are becoming a safe investment, and their demand expands. Other metals are used in production, and their shortage is felt due to slower mining operations (source: Metalsdaily.com).
The price of gold rose to $ 1,786.77 an ounce. According to Sprott.com, this is the highest value of the metal since 2012. Investors are rapidly increasing their holdings of yellow metal, another reason for the rise in the value of gold (source: Reuters.com). It looks like the price of gold could rise as high as $ 1,900 an ounce by 2021 (source: Forexlive.com). Nasdaq.com urges not to be afraid to invest in the yellow metal during this period, as its price will definitely rise.

Liepos 1, 2020

Precious metal prices are currently relatively stable: gold, silver and copper have risen, palladium and platinum have fallen slightly. It is likely that the values of metals will remain similar throughout the summer. The second wave of COVID-19 is forecast in the autumn - if it happens, the prices of precious metals should rise, and investors should benefit from investing now (source: Metalsdaily.com).
The yellow metal currently costs $ 1,773.84 an ounce. The price of gold is rising slowly, but the metal should grow even more (source: Fxstreet.com). The same source says that the price of the yellow metal should no longer fall as it has reached a strong price position. If there is a second wave of coronavirus, the value of gold could rise as high as $ 2,000 an ounce (source: Crytopotato.com).
Gold jewelry sales in the United Arab Emirates fell by 85%, but a recovery is forecast for 2021 (source: Zawya.com).

Birželio 24, 2020

Several trends can be observed this week - precious metals are either stable or rising slightly. In principle, constant prices are not a bad sign - experts believe that it shows that values are stable and could potentially rise in the future (source: Metalsdaily.com). In the coming weeks, the graphs of precious metals are likely to look similar to what they are now, as major economic, political events affecting metals are not yet happening.
The price of gold rose to $ 1756.3 an ounce. The US dollar has weakened slightly, which has a positive effect on the price of gold. This would currently be one of the highest metal values since 2012 (source: Marketwatch.com). Fxstreet.com says that gold is likely to stay at $ 1,600-1,700 an ounce for some time, but should rise to $ 1,900 an ounce after that. If its price rises so significantly, it is now definitely worth starting to invest in yellow metal.

Birželio 10, 2020

In recent weeks, the graphs for precious metals have looked really good, but this week, prices of all precious metals, except copper and palladium, have fallen. This was largely due to the falling US dollar and the effects of the COVID-19 virus (source: Thenational.ae). However, this situation is not necessarily bad - it is likely that the prices of precious metals will still rise in the near future, so now that their value has fallen slightly, it is worth investing for the future.
The price of gold fell to $ 1697.91 an ounce. The yellow metal and the US dollar are quite strongly related, so this week it was this currency that affected the depreciation of gold (source: Fxstreet.com). However, Kfgo.com says that investing in gold is extremely valuable now, as its price will definitely rise in the future.
Interesting fact: Marketwatch.com says that there will be no more gold in gold mines after the past 20 years. It should come as no surprise that its price is set to rise at a record rate in 20 years.

Birželio 3, 2020

Prices of all precious metals (except palladium) rose this week. However, the situation may change somewhat: without a pandemic, relations between the US and China are still strained, record protests against racial inequality are happening in the US (source: Metalsdaily.com). However, if prices fall, it should not last long - the values of the metals should continue to maintain their strong positions.
The price of the yellow metal rose to $ 1,742.23 an ounce. Fxstreet.com believes that the value of gold may fall during this period. However, other experts think the opposite - this time is very favorable for the gold price rise (source: Zerohedge.com). Experts from Mining-journal.com are urging investors to have more confidence in gold.
Pandora, one of the largest jewelry manufacturers, is sending an eco-friendly message – they are using recycled gold and silver for its products (source: Bnnbloomberg.ca).

Gegužės 27, 2020

Precious metals remained fairly stable in the last week of May; many changed in value by just a few dollars. Precious metals are likely to remain a popular investment during the crisis, which is likely to further increase their value.
The price of gold has fallen by just a few dollars - it currently costs $ 1727.58 an ounce. More and more people begin to invest in the yellow metal, so Turkey has decided to increase taxes on those who buy foreign currency and gold (source: Ahvalnews.com). Sprott.com says that there are a number of reasons why investing in gold is worthwhile: security, limited quantities (gold is not printed as banknotes), a fairly affordable investment. Forexlive.com believes that the price of gold could rise as high as $ 2,000 an ounce, so it may already be worthwhile for investors to increase their reserves before the value reaches a record high.

Gegužės 20, 2020

This week was favourable for precious metals - all prices rose, some even at a record high. It is likely that the value of metals could continue to rise during this crisis. Reviewers believe that there is no point in rushing to sell your investments now, as their prices will rise even more in the near future (source: Metalsdaily.com).
Yellow metal has probably reached its highest value in the last seven years (sources: Talk-finance.co.uk, Mining.com). It currently costs $ 1,734.33 an ounce. Demand for physical gold is growing, and central banks are constantly increasing its reserves (source: Fxstreet.com). In China, not only is the economy recovering, but so is the demand and price of gold (source: Gold.org). The value of the yellow metal is expected to continue to grow as it is a reliable and traditional investment in any time of crisis (source: Marketwatch.com).