Andrey Litvinov

The Royal Mint of Canada reports high demand for gold and silver investment products for the first quarter of this year. Some customers buy precious metals due to concerns about higher inflation, others - in order to diversify the portfolio and reduce risks.

The European Central Bank is ready to allow inflation targets to exceed. The European Union is adapting the approach that the US Federal Reserve has adopted. However, the ECB went even further. Bank executives agreed to raise the inflation target to 2%.

During the pandemic period, the number of Indian citizens who sell yellow metal products increased sharply. This trend is related to the deterioration of the economic well-being of Indian families due to unemployment or reduced wages. The proceeds from the sale are used to pay for hospitalization and school fees, rental of housing or retail space. The gold reserve is spent as intended in conditions of instability.