Gold rises in price on increasing demand for more reliable assets

Gold rises in price on increasing demand for more reliable assets


According to the trades, as at 08.52 GMT December futures for gold on the new York stock exchange Comex rose in price by 11.3 million, or 1.06%, to 1092,6 dollars per Troy ounce.

MOSCOW, 16 Nov. Gold prices rise on Monday in the framework of increasing demand for more reliable assets after growth of uncertainty as a result of a series of terrorist attacks in Paris, according to AFP.

As at 08.52 GMT December futures for gold on the new York stock exchange Comex rose in price by 11.3 million, or 1.06%, to 1092,6 dollars per Troy ounce. The cost of December futures for silver increased by 1.17% to 14.37 per ounce.

The mood of investors is influenced by news about the series of terrorist attacks that occurred on Friday evening in Paris and claimed, according to the latest data, the lives of 129 people. Analysts say that these developments have increased the uncertainty and contributed to the fact that investors are trying to protect their assets.

“I do not exclude the possibility of at least short-term positive reaction in the value of gold with the support of investors from risky assets,” — said the Agency Bloomberg analyst at Commerzbank AG Eugen Weinberg (Eugen Weinberg).