• Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups
 

Talk Finance

£$$€№₮IAL €¢¤₦¤MI¢ №€₩$
  • Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups

Talk Finance

  • Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups

In Money Matters

2020 was a good year for gold and other precious metals

31st December 2020

2020 was a good year for gold and other precious metals Pin It

The price of gold rose significantly in the year 2020, helped by the huge support packages against the crisis, the cheaper dollar and the financial market turmoil. The price climbed over 24 percent this year, which is the strongest annual increase since 2010.

On Friday, the price of a troy ounce (31.1 grams) was estimated at $1889. In August, the gold price even reached a record level of over $2000, breaking the old record of 2011. In troubled times on the financial markets, gold is seen as a safe investment. The price of the precious metal was also supported by global economic incentives, such as interest rate reductions. Investment in gold is seen as a kind of protection against currency depreciation and inflation.

The prices of other precious metals also went up this year. For example, the price of silver rose by almost 50 percent, and palladium increased by 20 percent. The price of platinum increased by 10%.

Share

No Comments

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Previous Post

Logistics companies cautiously wait…

In Money Matters

Logistics companies cautiously wait for the Brexit experience

View Post

Next Post

Boris Johnson thanked the Parliament…

In Domestic Affairs

Boris Johnson thanked the Parliament for quick Brexit deal approval

View Post

In Domestic Affairs

Government allocates £23 million for compensations to fishermen

View Post

COVID-19

In Domestic Affairs

Authorities are considering paying £500 as a welcome bonus for positive COVID test

View Post

In Money Matters

Burberry turnover decreased 9 percent in Q4

View Post

In Foreign Affairs

ECB likely to keep the key rate unchanged

View Post

Newsletter

Latest News

View

Asos wants to by Topshop and a row of other brands

25th January 2021

View

TikTok is the winner of social media platforms in 2020

24th January 2021

View

Double dip recession is certainly an option – Chris Williamson

24th January 2021

View

Logistic delays are longer due to COVID and the Brexit paperwork

24th January 2021

Allow us to introduce ourselves

Talk-Finance.co.uk, the analytic media. We are focused on the fresh business, M&A and financial data. We pay attention to the interesting new projects and startups while not letting the whole picture to let unnoticed.

  • Investing.com
  • Runch.co.uk

Sign Up for Our Newsletter

Our friendly crew

  • Matthew Patridge, the chief Editor
  • Chris Kimble, the managing Editor
  • Matthew Weller, webmaster&technical stuff
  • Charles Sizemore, author
  • David Stevenson, author
  • Helen Rush, author

Contact us by [email protected]

© 2019 Talk Finance - All Rights Reserved. [email protected]