Analytics

US investment bank Goldman Sachs recently raised its forecast for gold to $2,500 an ounce by the end of 2022. The reasons for the appreciation of the precious metal are the high likelihood of a recession in the United States. Recall that at the end of last year, quotes of the yellow metal fell by about 4%.

By 41 BC, just a few years after the assassination of Julius Caesar, a three-man dictatorship known as a triumvirate ruled in ancient Rome. It consisted of: a general named Marcus Emilius Lepidus, Gaius Octavius, who eventually became emperor Augustus, and Marcus Antony.

Preliminary data from the United States Geological Survey.

Under the leadership of Ales Michl, director of the Czech Central Bank, it is planned to increase the institution's gold reserves by almost 10 times - from the current 11 to 100 tons. In his opinion, the yellow metal is a great tool for diversification, because it does not correlate with stocks.

The Governor of Tennessee signed a bill on May 29, 2022 to repeal the sales tax on precious metals. Previously, the bill was overwhelmingly supported by both houses of the state legislature. The decision is the result of years of efforts by community organizations, grassroots activists and coin dealers in Tennessee.

In early May, a congress of the Numismatists Society was held in the Central Provinces of Canada. As part of the event, the Heritage Auctions auction was held, at which interesting Canadian coins for collectors were exhibited as lots.

Portugal has the 14th largest gold reserve in the world, the value of which is equivalent to 10% of the country's GDP. Recently, the Central Bank of Portugal presented its gold bars to the public.

Jewelry company "Tata Group" (India) offers customers to buy yellow metal from ATMs. These special devices for selling gold coins were placed in more than 20 stores of the company throughout the country.

Gold is not healthy. In 2022, the cost of precious metal briefly exceeded the level of $2000 per ounce, after which it quickly dropped to below $1900. The yellow metal has been hit by the Fed's decision to raise interest rates.

Commodity trading means that raw materials are bought and sold, not finished products such as home, stocks or bonds. Raw materials are assets such as corn, coffee, wood or ore.