The price of gold in the world market has reached a historical high. On December 4, the price of the yellow metal rose 3 percent to $2,135 an ounce, before gradually declining to hover around 2,030. In August 2020, the price of gold reached $2,072, which was an all-time high. According to the World Gold Council, between 2010 and 2021, developing countries bought an average of 473 tons of gold annually. Last year, this amount increased to 1,100 tons, and reached 800 tons in the first three quarters of this year.
Key commodities Last % Change
WTI Crude Oil 73.20 0.22%
Brent Crude Oil 78.10 0.09%
Natural Gas 2.70 0.04%
Gold 2,053.60 0.56%
Silver 24.90 -3.86%
Corn 484.25 -0.26%
Wheat 617.75 -0.44%
Data as of December 4, 8:56 PM ES
Exchange-trade coal price has increased
On December 4th, through electronic trading, 2 lots or 12,800 tons of enriched coking coal for export by “Energy Resources” LLC, 1 lot or 3,300 tons of iron ore with 52% content of “Mongolrostsvetmet” SOE, “Energy Resources” LLC 2 batches or 12,800 tons of enriched coking coal trading was organized.
In terms of price increase, the price of two batches of enriched coal, 12,800 tons, to be exported by “Energy Resources” LLC increased by 9.77 and 12.78 percent, while iron ore increased by 5.29 percent.
Source: mongolianminingjournal.com
