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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).

Rugsėjo 6, 2023

The beginning of September brings positive signs in the precious metals market. Their prices are starting to recover again. Fxempire.com says that it is still necessary to monitor the situation with caution, as the US dollar is strengthening and, as experience already shows, this can also have a negative impact on the prices of precious metals. However, the path towards the last quarter of this year looks positive so far - the coming weeks will show whether these signs were not a temporary illusion.
The price of gold is already recovering. It is currently trading at $1,938.15 an ounce. Interest in gold continues to persist. For example, demand for gold jewellery is growing in China (source: Heraeus.com). Nigeria has chosen gold as one of the most important metals to invest in (source: Businesspost.ng). We can expect the price of gold to rise again next week, as the trends so far look positive.

Rugpjūčio 23, 2023

Precious metals are moving in two directions this week: prices of some continue to fall, while prices of others are recovering a bit. Barchart.com says that the volatility of metal prices is also influenced by the falling rate of the US dollar. Not to forget the ongoing inflation, the volatile Chinese market - this also affects the values of metals. However, in the autumn it will be possible to see more precisely where the prices of metals will go next.
The price of gold continues to fall this week. It is currently trading at $1,895.26 an ounce. Ig.com says that the yellow metal is still vulnerable. However, the falling US dollar provides an opportunity for the gold price to recover (source: Investing.com). Turkey is taking advantage of falling gold prices and increasing metal reserves (source: Turkishminute.com). Experts from Fxstreet.com believe that gold is indeed doing well during this period. During such a period, gold is still believed to be a reliable and good long-term investment (source: Nasdaq.com).

Rugpjūčio 16, 2023

All precious metals fell this week. Some even very significant. Fxempire.com notes that this week is more challenging for metals as the US dollar rebounds and investors fear about US (and non-US) inflation return. For example, jewellery trade in the US fell significantly in the second quarter of this year (source: Rapaport.com). However, investors' fears may be temporary as the market has been very volatile for a long time.
The price of gold fell this week. It is currently trading at $1,937.5 an ounce. This week has been really challenging for the yellow metal - investors are starting to turn away from gold (source: Gold-eagle.com). However, experts from Barchart.com believe that the opinion of investors will change with time. China is doing the opposite, increasing its gold reserves for the ninth month in a row (source: Mining.com). Meanwhile, Turkey has come up with an additional 20% tax on imported gold products to curb the negative impact on its current account balance (source: Nasdaq.com).

Rugpjūčio 9, 2023

All precious metals fell this week. Some even very significant. Fxempire.com notes that this week is more challenging for metals as the US dollar rebounds and investors fear about US (and non-US) inflation return. For example, jewellery trade in the US fell significantly in the second quarter of this year (source: Rapaport.com). However, investors' fears may be temporary as the market has been very volatile for a long time.
The price of gold fell this week. It is currently trading at $1,937.5 an ounce. This week has been really challenging for the yellow metal - investors are starting to turn away from gold (source: Gold-eagle.com). However, experts from Barchart.com believe that the opinion of investors will change with time. China is doing the opposite, increasing its gold reserves for the ninth month in a row (source: Mining.com). Meanwhile, Turkey has come up with an additional 20% tax on imported gold products to curb the negative impact on its current account balance (source: Nasdaq.com).

Rugpjūčio 2, 2023

Precious metals are showing more positive signs than negative this week. Financemagnates.com says that fear of inflation is causing investors to think more intensely about precious metals. At the moment, the slower price growth is also influenced by the re-strengthening of the US dollar (source: Metalsdaily.com). Basically, watching the changes in this volatile market, it can be seen that most of the precious metals are holding up well and this year should not be a threat to them.
The price of gold rose this week. It is currently trading at $1,964.37 an ounce. Demand for gold fell by 2% in the second quarter of this year (source: Gold.org). However, changes in markets are different. For example, in the United Arab Emirates, the demand for gold jewellery has fallen by 20%, and in India it is predicted that it will fall by 10% this year - this is due to rising production costs (sources: Brecorder.com, Gulfnews.com). Meanwhile, in China, the situation is quite the opposite, with gold demand growing by 16.4% (source: Globaltimes.cn). By the end of the year, the price of gold is forecast to rise $2012-$2070 an ounce (sources: Btimesonline.com, Fxstreet.com).

Liepos 26, 2023

Observing price changes in the precious metals market in recent weeks, it can be seen that the values of metals are recovering. Investors continue to scrutinize economic news and find it unsettling. Only a time-tested investment will boom (source: Fxleaders.com). The US dollar and euro have also weakened (sources: Barchart.com, Brecorder.com). It looks like metal prices will continue to rise slowly.
The price of gold rose this week. It is currently trading at $1,955.33 an ounce. Chinadaily.com.cn says that in China alone, demand for gold increased in the Q1. The increase in the price of the yellow metal is also influenced by changes in exchange rates of USD and Euro (source: Metalsdaily.com). Businesstimes.com.sg says that in the long run, those who invest in gold will definitely win.

Liepos 12, 2023

This week is almost the same as the last, only the prices of many precious metals increased a bit. The US dollar has been weak for three weeks now, which is affecting precious metal values (source: Shafaq.com). Investors are still watching inflation data before making decisions about where to invest next (source: Metalsdaily.com). It is possible that metal prices will remain in similar positions until autumn.
The price of gold rose slightly this week. It is currently trading at $1,925.6 an ounce. Bnnbloomberg.ca says that not only metals, but also other investment markets are experiencing challenges right now - there are simply too many unknowns for investors. However, after some time, the situation will change. In the case of gold, most likely to the upside, as it is also showing positive results (source: Fxempire.com).

Liepos 5, 2023

This week looks pretty steady in the precious metals market. Insights on where the economy will go next, or whether inflation will deepen, seem to be waiting until there is clear information, and precious metal values are holding similar positions (source: Fxleaders.com). It can be noticed that the changes are slower in the summer period.
The price of gold is quite stable this week. It is currently trading at $1,921.18 an ounce. Dailyfx.com says that the value of the yellow metal has stabilized and that the influence of the US dollar exchange rate is not strongly felt during this period. Experts note that although the value of gold appears to have fallen, it is generally in a strong position during this period (source: Gainesvillecoins.com). The price of the metal should rise to $1,930 an ounce soon (source: Fxstreet.com).