Stock Market

Investors around the world are declining interest in gold

Investors around the world are reducing their interest in gold amid the Fed’s plans to continue aggressive tightening of monetary policy.

The cost of the metal on the world market has updated a one and a half year low, approaching $1,650 per ounce.

At the same time, Russian investors continue to buy shares of investment funds investing in metal, although here, too, there is a decrease in cash inflows. According to Investfunds, since the beginning of September, investors have invested 150 million rubles in such mutual funds, which is ten times less than in August.

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In addition, Russian investors’ funds are being redistributed into assets denominated in yuan, including bonds. In two months, they were placed by four issuers for almost 26 billion yuan.

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