Gold and silver continue to lose value
Spot prices for gold and silver continue to decline after falling at the end of last week. Silver prices dropped to $79.76 per ounce, dropping to $72.79 per ounce during trading. Gold reached a price of $4,755.6 per ounce. This is evidenced by data from the Comex exchange at 18:02 Moscow time.
The price of both precious metals dropped to $73 and $4,200 per ounce per day, respectively.
At the same time, prices briefly rose by more than 3% within the day, indicating continued high volatility.
On the same day, it became known that for seven years only gold and deposits have brought income above inflation. According to a study by the Association of Russian Banks (ARB), gold has become the most profitable instrument over the past seven years: this asset has increased in price to 295%, that is, four times. Otherwise, ruble deposits helped to outpace inflation.
All important news is on the Izvestia channel in the MAX messenger.
Переведено сервисом «Яндекс Переводчик»
