Gold finished trading on Monday at the maximum level from early November - its futures rose by almost 3%. The positive dynamics is supported by the weakening of the dollar, which dropped to the minimum value in 2.5 years. Today in the morning the precious metal shows a correction - at the time of writing February futures fell 0.11% to $ 1,944.55. The past year turned out to be the best for gold in the last 10 years. According to Ed Moya, senior strategist at Valaurum, previously headed the US Mint, in the near future it will continue to rise in price due to an increase in the number of new diseases coronavirus and deaths. Due to the situation, it is likely that the United States authorities will significantly increase incentive measures economy, using both monetary and tax budgetary instruments, he believes. This will help depreciation of the dollar, which will be favorable for the rise in prices for gold.
