Gold on Friday crossed the $2000 level for the first time in 5.5 months amid the Middle East conflict. At the time of writing, December futures were trading at Comex at $2012.40 per troy ounce.

The precious metal is showing steady growth for three weeks in a row, which was triggered by the armed conflict between Israel and Hamas. On Friday, quotations received additional impetus after the statement of the representative of the Israeli army Daniel Hagari that it has intensified attacks in the Gaza Strip, striking terrorist infrastructure and facilities located underground. According to Ty Wong, an independent trader from New York, there may be sharp movements in gold prices, which are difficult to predict. Strategist for commodities company TD Securities Daniel Gali noted that the stimulating factor is the possibility of strengthening demand for precious metal in the event of further escalation of the conflict. The words of experts quotes profinance.ru

This week, investors' attention is focused on the expected meeting of the Federal Reserve. Analysts believe that the regulator will refrain from raising the key rate, the portal writes.