Gold rises to a two-week high

Gold prices by the end of Tuesday rose to a maximum value for 2 weeks on the eve of the vote on the U.S. debt limit. They finished the trading session on Comex exchange with gain of 0.7%, reaching $1968.10. On Wednesday morning they rose additionally by 0.5% to $1978.05.

Global central bankers continue to bet on gold. According to the results of poll conducted by the World Gold Council (WGC), 24% of them intend to expand its reserves within the next year, reports RBC. The motivating factors, according to respondents, are instability in the U.S. banking sector, rising interest rates and the tense geopolitical situation.

The Council interviewed 57 regulators from developed and developing countries. It presented the results in a published study, which notes that the second category showed a higher interest in expanding gold reserves.