The expert assessed the prospects for gold and silver prices

In the middle of spring, the situation on the precious metals market has not changed significantly. Quotes continue to stay within the ranges: gold — $4.5–4.9 thousand per ounce, silver — $68-80. Alexander Schneiderman, head of Alfa-Forex's Customer Support and Sales department, told Izvestia about this on April 13.

"Gold retains the status of one of the key exchange assets for both private and institutional investors, acting as a universal tool for capital protection in conditions of increased volatility," the expert emphasized.

According to him, additional support for the market is provided by demand from central banks, which continue to increase reserves in an effort to reduce currency risks. He noted that this factor forms the long-term basis for the stability of prices for precious metals, despite short-term fluctuations.

Gold also remains a sought-after instrument on the Russian market. According to the expert, it consistently ranks second in popularity among investors in the over-the-counter foreign exchange market, reflecting the high level of confidence in protective assets in the current macroeconomic environment.

Golden fuse: twice as many Russians started investing in precious metals

How long will the boom last and is there a risk of a repeat of the January fall

Before that, on April 6, Schneiderman told Izvestia that the precious metals market remains in a correction phase, but quotes are gradually recovering amid expectations of a decrease in tensions in the Middle East.

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