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Monday, 4 December 2017

Demand for gold rose after the political events in the US

Political developments in the US since the end of last week have prompted investors to raise demand for "rescue assets".
The gold has taken advantage of the situation and has appreciated. The noble metal added 1% of its value to levels above $1,290 per ounce.
More and more experts are beginning to talk about testing a psychological limit of $1,300. The last level has been limiting the growth of the metal over the past few months. If level will overcome, however, we can very quickly see a further appreciation for the yellow metal to $1,350, and later to $1,400.
The rise became a fact after former Donald Trump's security advisor Michael Flynn said he was ready to testify about unlawful ties between Trump and Russia.
The report raised fears that Trump may soon not be the president of the United States, leading to serious political and economic shocks.