Why is gold so expensive? – The Guardian
by Michael Geist article The prices of gold and silver have soared in recent months amid the global financial crisis.
But the gold and platinum price has not increased as much as silver prices, according to data from a precious metal mining company, the Guardian reported on Monday.
“We’re really struggling,” said James D’Agostino, director of the precious metal research firm Metals and Mining Research, which said the price of gold had risen by 30 per cent in the first half of 2018, from $1,924 per troy ounce to $2,974 per trenmet, according a report by the company.
Gold has also fallen in value since the beginning of 2018 as investors have lost confidence in the global economy, the company said.
The price of silver has also plunged since the start of 2018 amid the financial crisis, as investors are worried about the economic outlook.
Silver is one of the most precious metals on the planet, and its price fluctuates depending on supply and demand.
“Silver is the gold of precious metals,” Mr D’Arcy said.
“When the demand for silver is high, the price goes up.
When demand for gold is high and the price is low, it goes down.”
Mr D. Agostino said precious metals prices are affected by supply and the demand side of things, but also by the supply side of the economy.
“The demand for [gold] is really much lower than it used to be.
It’s been down for a while, and it’s been in that range for a long time,” he said.
Agostano said he expects the price to remain below $2 per tret in the near term.
He said gold is more stable than silver, which tends to go up and down.
“It’s really not a surprise,” he told the newspaper.
“Gold is a lot more stable.
Silver has been down since the mid-1980s.
There’s been a lot of volatility in the price.”
In February, Mr D.’
Agostina said silver was at its highest price in 50 years, after rising by 20 per cent.
“What has happened is that demand for this precious metal has been falling,” he added.
“So demand has been going down, and the supply of it has been rising.
In December, a study by the University of Arizona and the University. “
There’s been no change in demand for it.”
In December, a study by the University of Arizona and the University.
of California-Los Angeles found that the price per tremet of the three metals was lower in 2017 than in 2016.