Gold price hits more than $2,000 and hits last year’s highest record

Recently, when the Silicon Valley Bank collapsed and Credit Suisse was acquired by UBS, gold had already skyrocketed to a 13-month high. Now, analysts are evaluating a series of factors that are driving the international price of the metal “up”.

The first graph shows the oscillation of gold in the last ten years and the second, registers the rise in the last 30 days – data obtained from the “Gold Price” platform, which informs the prices of the metal in the market.

For Luiz Vessani, director of the Brazilian Association of Mineral Research Companies (ABPM), the new high is influenced by several reasons that need to be evaluated separately, but which together certainly impact prices.

Among the influencing factors listed by the ABPM representative are the question of interest (involving central banks and inflation), the rise in oil prices, the war in Ukraine and the energy transition – which concerns the change in the consumption profile power. According to him, the world trend of transition from fossil fuels, especially oil, to other types of energy, with the aim of reducing carbon generation and the greenhouse effect, causes a transition that is already resulting in a change in the profile of mining. , all around the world.

“Mining now has to turn to providing these metals that world society needs, to make this transition”, explained Vessani, who also chairs the Goiás Mining Union (Sieeg).

energy transmission

“This change is extremely radical, but it is already operating in Europe and arriving in Brazil”, he reported. “This also implies consuming some metals that are not usual in the industry, such as gold, which allows the transmission of electrical energy much more efficiently than other metals”.

Vessani highlighted the security of gold, for those who want to invest: “Gold is certainly the best protection blanket for investments, because it is solid in this horizon of 2,000 dollars an ounce, with a strong tendency to grow, gradually”, concluded the representative from ABPM.

Another specialist in investment and gold trading, Maurício Gaioti, director of OMEX, confirms that gold is an excellent investment: “The market has priced gold upwards. So much so that the troy ounce, from New York, is on the rise and is expected to grow more and more”, he analyzed. OMEX is a reference in Brazil in the export of ores and precious metals.

how to operate

Gaioti detailed how the operation of buying and selling gold on the exchange is carried out. According to the specialist, it is enough for the interested party to have an account opened at a brokerage that gives access to “the b3 market” – the stock exchange of the Brazilian capital market (the largest in Latin America). “There, interested parties can find the asset OZ1D, the main gold purchase contract on the exchange, which is for contracts of 250 grams of gold, and OZ2D, for contracts of 10 grams of gold,” informed Gaioti. “These are the ones with the most liquidity.”

“From the moment you are registered there and accessing the brokerage, you will have direct access to buy lots, naturally depending on price offers between purchase and sale”, he clarified.

Another option

The director of OMEX also noted that, in addition to this option, investors can also buy gold directly on the so-called “over-the-counter market”, in which financial institutions offer the gold bar to those interested in taking the metal to store in house or in a private safe: “If the investor wants, he will have these two options: he can either operate via brokerage houses – through the B3 market – and acquire his gold, which will be held in custody at the Exchange; or you can buy it and take it home,” he explained.