Gold rises in price amid falling dollar
Gold prices on Thursday morning are showing growth - at the time writing an article, the cost of a troy ounce on the Comex exchange has risen by 0.21% to the level of $ 1835.90. weakening of the dollar, which is declining amid hopes of players for new stimulus measures for the American economy. Market participants' optimism is supported by negotiations on a new $ 908 Billion Support Package Submitted by Senators Republican and Democratic parties. In the opinion CEO of consulting company Airguide Michael Langford, these negotiations in the short term will be contribute to the depreciation of the American currency and, thereby, the rise in gold prices. A cheaper dollar allows investors using foreign currency, to acquire more precious metal. Players resort to gold to guard against inflation, which could grow after the emergence of new economic incentives.