The price of gold rose amid falling U.S. Treasury yields

Gold prices moved up yesterday after two days of declines. By the evening the price of troy ounce on Comex exchange rose by 0.56% to $1798.70. Supportive factor was the decline of the U.S. government bond yields, which made gold a more attractive asset for investors. The yield on 10-year government bonds fell 0.03 percentage points to 1.457% on Wednesday. According to Oanda analysts, the prices for the precious metal will finish this year at about $1800. At that one should hardly expect any significant changes in dynamics because the trading volume at trading floors usually decreases in the pre-New Year period, The Wall Street Journal informs. Treasuries and gold are considered by investors as safe assets. When profitability of the first falls, precious metal begins to use increased demand, since it becomes a more profitable investment.