 (1)_LBMA.jpg)
English
German
Ukrainian
Your shopping cart
No products in the shopping cart
801 501 521
- Author of the entry: Mennica Skarbowa
- Date of entry:
The main factor affecting the precious metals market in March was the tense situation in Crimea, related to the entry of Russian troops there.
On the first working day after the intervention, March 3, the price of gold rose by as much as 2.7% compared to the previous day. As the risk of escalation increased, gold prices rose in the following days, reaching a maximum of $1,388 per ounce on March 17, up 4.9% from the end of February.
The maximum price in Polish currency was reached one business day earlier and amounted to PLN 4,238 per ounce (6.3% from the February close). However, in the following days, as the situation calmed down, gold slowly began to weaken and ultimately ended the month 3% below February's closing price, at USD 1,284 per ounce, or PLN 3,877 per ounce.
However, both Europeans and Poles themselves realized that our region is not free from armed conflicts. And gold is still considered the only real security for assets in the event of war. This resulted in an increase in purchases of physical gold in the form of coins and bars. According to Gazeta Prawna, in March, the largest Polish gold dealers increased their turnover by about 50%.
