Precious metal deficit detected in the USA amid avalanche-like demand for gold
A major American edition of The Wall Street Journal publishes an article that talks about the situation with stocks of precious metals in the United States. In the material, journalists note that the banking sector and investors are faced with a shortage of so-called "liquid" gold in the United States. We are talking about gold bars and gold coins, which are usually offered for sale and purchase transactions by banks.
WSJ writes that the shortage of gold was revealed against the backdrop of an avalanche-like demand for this precious metal. Over the past few days, banks have bought up the main stocks of "liquid" gold, as a result of which dealers simply began to interrupt their activities.
The material reported that against the background of the lack of proposals for the sale of gold in the United States, demand has shifted to neighboring Canada, which received statements about the need to increase the production of gold bars for the banking sector.
Meanwhile, the price of gold in the world continues to update long-term records. Since March 22 alone, the price of this precious metal has jumped by 9%. The troy ounce is currently trading at $1630. At the same time, a few hours earlier, the price was approaching $1650. This is a record high since 2013.
The demand for gold in the United States was associated with an increase in pandemic indicators. In terms of the number of detected infected, the States came out on top in the world and significantly broke away from other countries, including Italy and China. At the beginning of the day, about 105 thousand people were detected infected in the United States, with a fatality of 1704 people and the number of recovered 2359.
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