Gold prices have risen for four trading sessions in a row. At The price of gold rose 25% on Monday, approaching the psychological level of $1,800 a troy ounce at $1,792. The gold prices were nearing the psychological mark of $1800 a troy ounce at $1792 on Monday. This morning quotations rose by 23% to $1796. The growth of the precious metal's value is supported by the weakening of the dollar exchange rate, The dollar's weakening, a decline in U.S. treasury yields, and the situation with the coronavirus in the world. The emergence of a new strain, tightening quarantine restrictions in a number of countries and the risks it poses to the The popularity of the virus as a safe haven asset is growing. Fresh U.S. statistics may continue to support Gold - this opinion was expressed by analyst of Commerzbank Karsten Fritsch in interview to The Wall Street Journal. The unemployment rate in The country went up by 0.1% to 5.9%, contrary to expectations of analysts. As expert believes that this unexpected increase may somewhat reassure players about a possible increase in the prime rate Fed. If the latter remains at a low level, it will If the latter remains low, it will contribute to a decrease in the dollar and, in turn, the growth of demand for gold.