Gold in Ukraine: Investment or Business. Modern Vie

Abstract

The relevance of the study is determined by the importance of diversifying the portfolio for private investors. Buying a physical gold metal and (or) buying gold futures can reduce portfolio risks due to gold price volatility and its recognition as a global benchmark for settlement. The purpose of the paper is to study the current state of the world gold market, study the rating of gold and foreign exchange reserves of the leading countries, study modern mechanisms of gold trading, review the state of exchange trading of gold metal in Ukraine. The paper uses general scientific research methods aimed at comparing and analysing global trends in the development of the global gold market and its main tools. The paper determined that exchange trading in precious metals in Ukraine is underdeveloped and represented by the banking metals market. Today, the Ukrainian market does not meet global requirements and private investors are not very active in buying gold futures. It is proved that the reasons for the lack of interest in placing gold futures in Ukraine are the lack of legislative regulation of the private gold market, the low level of development of the country’s economy, and the current geopolitical situation. It is concluded that the development of the gold and precious metals market is important since its positive changes will allow starting the movement of gold by releasing it from private savings into investment means. It is concluded that the main content of state support for the development of the gold market in Ukraine is to create opportunities for Ukrainians to compete with foreigners for investment in Ukrainian business. The development of the gold market is relevant and requires further research

Keywords

• precious metals market
• gold
• banking metal
• etf instruments
• country's gold reserve
• gold and foreign exchange reserves