WB forecast: Gold price to rise almost by 28%


October 23, Fineko/abc.az. The price of gold will increase by 27.5% this year, the World Bank’s statement says.

ABC.AZ reports that according to the WB, the price index for metals and minerals this year will decrease by 1.1% compared with 2019. The price index for precious metals is expected to grow by 27.3%, while the price of an ounce of gold is expected to increase by 27.5% this year versus 2019 and decline by 2% in 2021.