Category: Market Analysis
For consumers, this means that their purchasing power will keep decreasing over time. Companies, on the other hand, will be forced to spend more money on their end.
During times of uncertainty, precious metals tend to become more popular, and by default, rise in value. This is especially visible when looking at the prices of both gold and silver.
Economists are convinced that this latest rate cut is a direct result of the Turkish Lira bouncing back strongly. When it hit record lows earlier in May, there was some genuine concern
One thing that is certain is how the pandemic has been beneficial to precious metal markets. Gold’s price has bounced back strongly after dropping to the low $1,260 range.
It is the first time in history that so much “extra money” is brought into circulation in quick succession. No one knows what the consequences will be.
This is already becoming apparent across nations that seemingly thwarted the coronavirus outbreak. South Korea and China deal with a rise in overall infections,
He does expect there to be some noteworthy leaps in terms of foreign currency growth. That momentum may very well hinge on who issues future stimulus packages.
The bigger question is whether or not banks are even in a position to consider the selling of such assets, given their current balance sheets.
Valcambi and Argor process roughly 1,500 tonnes of gold on a yearly basis. When looking at the global supply per annum, that represents near 33%.
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