The price of gold continue to affect the prospects of the first with the 2006 base rate increase in the US, which limits the upward correction value of the precious metal.
MOSCOW, 13 Nov. Gold prices on Friday moderately grow within the correction after the end of Thursday, gold prices have hit a low since February 2010, according to AFP.
As at 08.17 GMT December futures for gold on the new York stock exchange Comex rose in price by 1.8 million, or 0.17%, to 1082,8 dollars per Troy ounce. At the end of Thursday the gold fell to 1081 of the dollar, the lowest level since February 2010. The cost of December futures for silver increased by 0.18% to 14,25 USD per ounce.
The investors ‘ sentiments continue to influence the prospects of the first with the 2006 base rate increase in the US, which limits the upward correction value of the precious metal.
“Now all focused on that, when will be the first rate hike in the US, and we don’t think investors have shifted to the question of when there will be a second or third growth. Actually, we do not think that a third increase will be — the fed can return to decrease by the end of next year and it will be very good for gold”, — quotes Reuters an analyst of Standard Chartered Horsnell Floor (Paul Horsnall).
Market participants also drew attention to the data of the world gold Council (World Gold Council, WGC), according to which global demand for gold in the third quarter of 2015 increased in annual terms by 8% to 1120,9 tons, which is the highest indicator for the last 2 years.