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Contrary to forecasts, the cost of gold in the world rose by $ 22

21 January 2021


Contrary to forecasts, the price of gold has risen by $ 22 over the past 10 days. Earlier, a number of economic forecasting agencies predicted a decline in prices by $ 81 in the first month of this year.Today, January 21st, the cost of a troy ounce of gold (a troy ounce is about 31 grams of pure metal) was $ 1873. On January 11th, this figure was $ 1851. Then these agencies predicted that by January 20, it (the cost) will drop to $ 1,770.


According to forecasts, the average annual cost of gold in 2021 could be $ 1650-1950 / oz.Earlier, the World Bank reported that a sharp increase in gold exports in 2020 reduced Tajikistan's foreign trade deficit.As noted in the World Bank's Economic Slowdown Amid Pandemic,Tajikistan's external position has improved, supported by soaring prices for precious metals exports.


Merchandise exports rose 19.8% year-on-year in 2020, driven by precious metals exports, as the authorities took advantage of strong global demand, according to the latest data.In nominal terms, the export of precious metals reached over $ 689.7 million and accounted for 49% of the total export basket. Last year, the export of precious metals increased 3.1 times compared to 2019.