The high price of gold has been falling recently
2022-09-20
When we wrote this text it was the day of March 22, 2022. After a sharp rise in the price of gold in early March this year, it has fallen by 6-8% recently. On March 8, the price of gold on the London Metal Exchange reached $ 2,037 per troy ounce, but on March 16 the price dropped to $ 1,905 per troy ounce. It is possible that the high price of gold was driven by a sharp increase in demand for it. Information could be found on the internet that it was difficult to find gold bars to buy in gold bars because people were buying investment gold en masse. As the price of gold rose on the metal exchanges, the price of scrap gold rose accordingly.
Gold buyers have also increased their gold purchase prices. According to the website scraprice.com, on March 22, 2022, 24 carat gold could be sold for as much as 60 Eur / gr. There are several countries where gold was bought the most, namely Germany, Poland and the UK.
Since the beginning of 2022, the price of gold has risen by as much as 12%. However, in the period from 03.08 to 03.22 the price of gold fell by 5%. Whether the price of gold will continue to fall is difficult to predict. One could only speculate that the price of gold will not change significantly in the near future and will remain stable at least until the end of March
