Gold prices rise for the second consecutive session
On Monday morning, gold quotations on the Comex exchange are up
0.55% at $1759.80 per troy ounce. The positive
The positive dynamics is contributed by the decrease of the dollar exchange rate. Silver
is up 1.19% to $22.70.
At 8:54 a.m. the dollar stood at €0.85 against the euro and fell 0.10% to 93.24 pct against a basket of currencies.
The lower value of the U.S. currency was at 0.10% to 93.24 p. The lower value of the U.S. currency is beneficial for gold investors and gamblers.
The lower cost of the U.S. currency is advantageous for gold investors since it allows them to buy it on a larger scale.
The growth of the precious metal is also influenced by the sentiments of the market participants related to the further policy of the US dollar.
The growth of the precious metal is influenced by moods of market participants connected with further policy of Federal Reserve. As believed
experts, demand for it increases due to the fact that players are getting ready
for toughening of a monetary policy by the regulator. As we
wrote earlier, the latter said at the end of a recent meeting that
curtailment of the asset purchase program may start earlier
expected terms. In addition, the head of the Fed Jerome Powell in
in his speech indicated that it could happen before the end of the year.