gold Price on Monday approached an eight-year high due to investor concerns about a sharp rise in the number of cases of the coronavirus worldwide.
the Spot price of gold was stabilized at 1 770,83 U.S. dollars per Troy ounce, which is only $ 8 less than the October peak 2012 1 779,06.
the Number of new cases of infection with coronavirus has increased dramatically in the United States. California on Sunday again closed bars, and the state of Washington has suspended the lifting of restrictions. The number of cases continues to rise in countries such as Brazil and India.
"the Catalyst (to ensure that the gold have reached 1800 dollars per ounce), already here. Growth cases (coronavirus) in the United States and fears of a second wave in Europe and Asia is likely to slow down any potential recovery of the economy and make gold an asset class is in high demand", - quotes Reuters Michael Hewson from CMC Markets UK.
Palladium rose 1.51% to 1 888,14 dollars per ounce, silver added 0.73 per cent to 17.88 per ounce. The price of platinum increased by 2.3% to 809,19 dollar.
meanwhile, the ICE dollar index, which tracks the value of the US currency against a basket of six other currencies rose, however, by the end of the week, he could fall 0.2%, FactSet data show. The weaker dollar encourages purchases of assets denominated in the U.S. currency, foreign market participants.
support to the quotations of precious metals have a stimulating action of the Central banks of different countries as well as low or negative interest rates.
