The price of gold has hit the...
The price of gold has hit the world's first record for the last months: the price of the precious stone-grams has risen, and for the first time in the last 5 months the psychological 40-dollar threshold has been re-established. Now, the price of gold in the world market is $ 40.65 per ounce and $ 1265 per ounce. Gold, which has increased its value by 2 percent in recent days, has risen by 6 percent over the last month. The rise in demand for gold has led to a rise in world market prices. Thus, in the last few months, several countries, including China, Kazakhstan, Turkey, India and even Russia have decided to turn a portion of their reserves into red. The Central Bank of Kazakhstan, which received 24.7 tonnes of gold, increased its gold reserves to 181.9 tonnes. Russia, another member of the CIS, has raised its reserves by 1113 tons, taking 7.23 tons of gold. The decline in gold prices in 2012-2014 and the fear of a new global economic crisis have fueled demand in the developing world. Another reason for the rise in gold prices is due to the fact that investors invest their money in less risky backdrops in the background of the stagnation observed in the oil and foreign exchange market. Although gold prices will continue to rise, no sharp rise is expected. However, it is projected that gold will gain value in 2015.
In Azerbaijan, the price of baby girl is expected to rise in the coming days. The main reason for this is the increase in the excise tax rate, as well as the increase in the cost of imported organic products as a result of the increases observed in the world market.
The gold price is actually formed on the world market. The purchasing power of people and companies is one of the key factors that affect it. However, other factors in the increase of gold price should also be considered that the effects of manipulation and speculation in the world can not be overestimated. Unfortunately, it is not possible to stay away from these tricky games. We are victims of these tricks, frauds, even though we do not want to.
Posted from my blog with SteemPress : http://steemitaz.com/2018/10/13/the-price-of-gold-has-hit-the/
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