Moscow. January 26. Gold prices rose on Tuesday to its highest level since November amid increased demand for safe assets, reports Bloomberg.
The price of gold for immediate delivery in the course of trade in Singapore increased by 0.7% to $1115,08 per ounce, the high from November 4.
From the beginning of 2016 the gold price rose 5% amid falling stock index Asia Pacific MSCI Asia Pacific 11% and the collapse in oil prices by more than 20%.
“In the stock markets there are increased risks, and the demand for safe assets rises, says Argonaut Securities analyst Helen Lau. – Also a positive factor for the gold prices are expectations that the fed will wait a little with the next rate hike”.
On the basis of futures contracts on base rate in the U.S., the likelihood of its increase in March valued at 25% versus 51% at the beginning of the year. The next meeting of the Federal reserve system (the fed) will be held on 26-27 January.