
Galt&Taggart has published an overview of the dynamics of Georgia's foreign trade in oil, natural gas, ammonium nitrate, wheat, copper, ferrosilicon and gold as of May 2023 and the annual change in export and import.
Galt&Taggart has published an overview of the dynamics of Georgia's foreign trade in oil, natural gas, ammonium nitrate, wheat, copper, ferrosilicon and gold as of May 2023 and the annual change in export and import.
Gold prices fell 2.2% month-on-month in June 2023, driven in part by lower demand for physical gold in China. In periods of uncertainty and high inflation, gold is considered the so-called safe-haven asset. Because of this, demand for gold increased in the wake of the 2023 US/European banking crisis, which helped prices rise in recent months, and the price of gold reached $2,000 in April 2023.
In January-May, the annual gold export from Georgia was 38 million US dollars, which is an annual increase of 8.9%.
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