Gold continues to rise amid weak U.S. statistics

Gold prices rose on Thursday for the second day in a row. The two The two days, which followed some declines on Tuesday, continued the positive momentum seen since the beginning of last week. The precious metal gained nearly 3% during that period. A positive factor yesterday was the weak statistics on the economic growth in the United States in the third quarter. According to The first estimate was 2%, lower than analysts' forecasts of 2.7% for the third quarter. analysts had expected 2.7%. By comparison, in the second trimester the figure The figure was 6.7%, by comparison, in the second trimester. Demand for gold was also supported by the news dollar depreciation that followed the news. The cheaper dollar, as we know, is advantageous for investors using foreign currency, because allows to buy more of this precious metal. According to Think Markets analyst Fawad Razakzady, gold in the near term will continue to rise in price due to the fact that market players Market players do not expect central banks to sharply tighten monetary policy, even in the case of accelerating inflation.