The value (-29%) and (-40% y/y) of gold exports from Georgia decreased significantly in January. However, according to the Galt&Taggart Commodity Market Review, given the overall stable export volume in the past years, the one-month figure does not yet represent a significant year-over-year change.

According to the organization, in February 2024, the world gold price increased by 0.2% per month. In the first half of February, gold price fell below the $2,000 mark for the first time this year, as a result of global macroeconomic factors. 

"The fate of a potential new banking crisis and its impact on gold will unfold during the month of March, which we will elaborate on in our next review. Before that, according to the median expectation of investment banks, the average price of gold will increase by 5.1% in 2024," - the review said.