Gold with a four-month high, after the appreciation of the euro

The price of gold rose to a new nearly four-month high after a more aggressive tone from the ECB sent the euro up strongly against the US dollar.
The stronger euro and, hence, the weakness of the US dollar, triggered increases in gold and other precious metals. Gold traded at levels above $1,320 on Thursday, and platinum rose to levels above $980.
The only loser in the situation was silver, which fell to levels below $17 an ounce. In fact, this change makes the ratio of gold to silver rising to 78 or well above the average in the historical sense.
The spot price of gold rose 0.3 percent to $1,321 per ounce after reaching a peak of $1,326.56 per ounce or its highest level since September 15.
Gold rose by more than 80 dollars from its bottom in mid-December, helped by the promising dollar. However, according to analysts from Saxo Bank, the price of the precious metal will face significant difficulties ahead of its potential further appreciation.