Catalog year: 2020
In 2020, the global market for precious metals, investment coins, and bullion experienced significant changes due to a number of factors, including the COVID-19 pandemic and central bank reactions.
2020 was a significant year for the gold market as the price reached record levels exceeding $2,000 per ounce in August, driven by economic uncertainty caused by COVID-19 and central banks' monetary policies.
Silver also became an attractive asset, with its price increasing significantly to over $29 per ounce, due to the same factors. Unlike gold, which is mostly used for investments, silver has industrial uses, such as in electronics and medical devices, but the pandemic temporarily reduced demand.
The demand for investment coins increased significantly in 2020. Due to economic uncertainty and rising inflation expectations, private investors actively purchased gold and silver coins. The most popular were the American "Golden Eagle", Canadian "Maple Leaf", and Austrian "Philharmonic".
Against the backdrop of the global pandemic, declining GDP, and unstable financial markets, investors sought safe assets, supporting high demand for precious metals.
Despite an overall price increase, the market remained highly volatile, reacting to news about the pandemic, vaccine approvals, and economic incentives.
2020 was a significant year for the gold market as the price reached record levels exceeding $2,000 per ounce in August, driven by economic uncertainty caused by COVID-19 and central banks' monetary policies.
Silver also became an attractive asset, with its price increasing significantly to over $29 per ounce, due to the same factors. Unlike gold, which is mostly used for investments, silver has industrial uses, such as in electronics and medical devices, but the pandemic temporarily reduced demand.
The demand for investment coins increased significantly in 2020. Due to economic uncertainty and rising inflation expectations, private investors actively purchased gold and silver coins. The most popular were the American "Golden Eagle", Canadian "Maple Leaf", and Austrian "Philharmonic".
Against the backdrop of the global pandemic, declining GDP, and unstable financial markets, investors sought safe assets, supporting high demand for precious metals.
Despite an overall price increase, the market remained highly volatile, reacting to news about the pandemic, vaccine approvals, and economic incentives.
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