Greece’s Gold Market ‘Failing to Grow’ as It Loses Grip on Its Gold Prices

The global gold market has lost about 60% of its value since the start of the year.

This has led to Greece being the world’s fourth-worst gold-producing country behind Russia, China and Brazil.

As a result, the Greek economy is in a very bad position and its gold prices are in freefall. 

“There is a lot of anxiety about Greece’s gold price, which is the main driver of the Greek debt crisis,” said Alex Zengel, a senior gold strategist at Riggs Bank.

“There are a lot more people who are not holding their gold in Greece.”

Gold prices are down by about 60pc since June.

Gold traders, however, are not in a panic. 

There is some evidence that Greece is beginning to regain some of the lost ground, with a rally in the price of gold and platinum since the beginning of this year, said Andreas Schilder, senior gold analyst at IG Farben. 

However, even with a relatively small rally in gold, gold prices remain vulnerable to geopolitical developments. 

The gold market was one of the biggest drivers of the euro crisis and Greece’s government has already been blamed for its decision to allow its banks to be recapitalised.

In the wake of the crisis, the gold market suffered a massive sell-off, with gold prices falling by 80pc from June 2016.

Gold prices have recovered slightly since then, but it is still below its 2016 peak. 

Greek officials have also been blamed by many economists for their failure to act on the gold price rally.

The country has been forced to borrow large amounts of money to pay for imports, as it has been unable to pay back debt to the IMF and European Central Bank. 

But despite the debt-related problems, the country’s gold market still has a lot going for it, according to Zengl. 

Gold markets in the United States and China have also fallen by about 30pc since the crisis started, he said. 

This year, gold is expected to trade at $1,225 an ounce on the Comex, up from the $1 of last year. 

In a sign that gold prices may be stabilising, the price is expected increase by 10pc in the next year.

Source: MTV News

후원 콘텐츠

우리카지노 | TOP 카지노사이트 |[신규가입쿠폰] 바카라사이트 - 럭키카지노.바카라사이트,카지노사이트,우리카지노에서는 신규쿠폰,활동쿠폰,가입머니,꽁머니를홍보 일환으로 지급해드리고 있습니다. 믿을 수 있는 사이트만 소개하고 있어 온라인 카지노 바카라 게임을 즐기실 수 있습니다.우리카지노 - 【바카라사이트】카지노사이트인포,메리트카지노,샌즈카지노.바카라사이트인포는,2020년 최고의 우리카지노만추천합니다.카지노 바카라 007카지노,솔카지노,퍼스트카지노,코인카지노등 안전놀이터 먹튀없이 즐길수 있는카지노사이트인포에서 가입구폰 오링쿠폰 다양이벤트 진행.【우리카지노】바카라사이트 100% 검증 카지노사이트 - 승리카지노.【우리카지노】카지노사이트 추천 순위 사이트만 야심차게 모아 놓았습니다. 2021년 가장 인기있는 카지노사이트, 바카라 사이트, 룰렛, 슬롯, 블랙잭 등을 세심하게 검토하여 100% 검증된 안전한 온라인 카지노 사이트를 추천 해드리고 있습니다.카지노사이트 추천 | 바카라사이트 순위 【우리카지노】 - 보너스룸 카지노.년국내 최고 카지노사이트,공식인증업체,먹튀검증,우리카지노,카지노사이트,바카라사이트,메리트카지노,더킹카지노,샌즈카지노,코인카지노,퍼스트카지노 등 007카지노 - 보너스룸 카지노.카지노사이트 - NO.1 바카라 사이트 - [ 신규가입쿠폰 ] - 라이더카지노.우리카지노에서 안전 카지노사이트를 추천드립니다. 최고의 서비스와 함께 안전한 환경에서 게임을 즐기세요.메리트 카지노 더킹카지노 샌즈카지노 예스 카지노 코인카지노 퍼스트카지노 007카지노 파라오카지노등 온라인카지노의 부동의1위 우리계열카지노를 추천해드립니다.