Gold prices approached $1800

Gold on Monday showed growth - by the end of the day on the Comex It added 0.59% and rose to $1795.80 per troy ounce. В During the day the quotations came close to the psychological During the day the quotations came close to a psychological mark of $1800, having reached $1797.50. According to ActivTrades lead analyst Ricardo Evangelista, the risks that inflation will continue to rise are quite high, which is being supported by disruptions in production chains and soaring energy prices. energy prices. The situation worries the Fed, and players fear that it may soon begin to curtail the program bond buying program and announce such a decision this week. That could lead to a drop in gold prices, he believes, as the The dollar will strengthen, negatively affecting demand for the precious metal. The latter posted its biggest gain since July, rising 1.5% in October. July, rising 1.5 percent. Sevens Report Research predicted, its quotations will be between $1725 and $1835 until one of those one of those levels will not be broken.