Tag: Precious Metals
Contrary to most other assets and commodities, precious metals have performed rather well. Their demand has not decreased by much, as is evident from Russia’s sales alone.
Goldman Sachs analysts recently shared their outlook on the gold market. Forecasting a bullish gold trend is remarkable, but necessary given the current circumstances.
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.
Now that the coronavirus crisis is seemingly under control in most countries, it is time to cautiously begin exploring what the future may hold. In …
Gold is also a physical commodity, thus it cannot be printed in unlimited quantities like fiat currency. There is no such thing as a “gold printer”.
It is equally important to look at this market from a proper time frame. A daily price chart will obviously yield more and bigger swings in terms of valuation.
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Disclaimer: This information is not financial advice, and should not be treated as a recommendation to buy or sell. It is to be used for educational purposes only.