
Gold has always been the tool to strengthen confidence in money, the central bank and the state. Yet another country proves it by using gold to back its currency.
The Bank of Ghana purchased 26,000 ounces of gold. The country will soon use gold to buy oil. Against this background, the Ghanaian Cedi* recovered its value by 61% after falling by 54% throughout the year.
In just one week, the Ghana Cedi halted its losses and recovered to August 2022 levels.
In 2022, the depreciation of the local currency was significant from 6.16 cedis to the dollar, to over 14.
*Cedi - The national currency of Ghana.

Russians are buying gold on a massive scale - this year they bought ten times more of the precious metal than last year. Purchases are so massive that next year gold may take the place of dollars in the savings of Russians. There are several reasons for this popularity:
— compactness of gold simplifies its storage;
- the abolition of VAT and personal income tax allow you to buy gold at almost the exchange price, minus the bank commission;
— gold is traded from one gram, so it can be bought with a minimum budget;
- gold can be easily transferred abroad.
However, in terms of convenience and liquidity, gold is still much inferior to the dollar. If Russia's current currency restrictions are lifted, it will quickly lose ground.

Most metals are falling in price this year in the US as the industry runs weaker. In addition, the dollar remains very strong, and the prices of all goods are reflected in dollars. Among the metals that are growing, nickel is used in a number of industries, but in general, the nickel reserves on the planet are not very large, so the price is constantly increasing. In addition, steel and palladium are growing.
The Gas and Oil remain the leaders in the increased prices.
There are also commodities in the US that are falling in price, these are sugar, cocoa and lumber.
However, for the rest of the world, this is not the case.
You want to trade gold and silver - this is for you.
US Metals Performance (YTD):
1. Nickel +22.2%
2. Steel +9.1%
3. Palladium +4.8%
4. Zinc -5.8%
5. Platinum -7.0%
6. Gold -9.8%
7. Aluminum -20.0%
8. Iron ore -20.2%
9. Silver -22.1%
10. Copper -23.7%
US performance commodities (YTD):
1. Gas +73.6%
2. Oil +17.6%
3. Corn +16.4%
4. Wheat +11.7%
5. Soybeans +3.3%
6. Sugar -0.3%
7. Cocoa -5.9%
8. Lumber -56.9%
* YTD - Year-To-Date - from the beginning of the year

Performance of US Equity Sectors (YTD):
1. Energy +34.0%
2. Utilities -10.3%
3. Consumer Defensive -14.8%
4. Healthcare -18.3%
5. Materials -19.3%
6. Industrials -20.4%
7. Financial -20.8%
8. Real Estate -33.4%
9. Consumer Cyclical -33.5%
10. Technology -35.4%
11.Communications -36.6%
YTD - Year-To-Date - from the beginning of the year
US Metals Performance (YTD):
1. Nickel +17.6%
2. Palladium +14.9%
3. Steel +13.1%
4. Zinc -3.3%
5. Platinum -5.3%
6. Gold -6.9%
7. Silver -13.7%
8. Aluminum -19.7%
9. Iron ore -20.5%
10. Copper -24.2%
US performance commodities (YTD):
1. Gas +77.2%
2. Oil +26.6%
3. Corn +15.1%
4. Wheat +14.6%
5. Soybeans +2.0%
6. Sugar -1.0%
7. Cocoa -4.8%
8. Lumber -61.1%

OPEC+ agrees to a significant oil production cut of 2 million barrels per day.
The markets were expecting this news and for several days the price of oil went up. Over the past 8 days, the price of oil has risen by about $10.
Crude oil is currently trading at $87.87 on the New York Stock Exchange.

This news, which is from this weekend, boosted the price of US crude oil from $79.50 on Friday to over $84.00 today.
Cuts in oil production are all too likely as we expect oil prices to continue upwards to and above $93 per barrel levels.