Threat of coronavirus does not affect price of gold in Azerbaijan
According to forecasts and researches of international financial institutions, prices of precious metals in Azerbaijan remain stable amid rising prices in the world associated with the threat of coronavirus, Chairman of the Executive Board of AzerGold CJSC Zakir Ibrahimov has said at a company’s press conference on the results of 2019.
Ibrahimov added that the prices of gold and other precious metals on the world markets were actively changing. In many ways, these changes are associated with the coronavirus, which is widespread in China, since most investors purchase and stock up precious metals.
Nevertheless, according to researches by international organizations, prices for precious metals in Azerbaijan are quite stable.
Ibrahimov also noted that the company’s goals for 2020 were to increase the volume of the sale to 55,200 ounces of gold and 103,700 ounces of silver. (Trend/Ukrainian metal)