Gold rose to its highest level in four months

Золото подорожало до максимума за четыре месяца

Gold rose significantly

In London trading gold rose to $1327 per Troy ounce.

Gold prices on Wednesday, January 10, reached a maximum of more than four months amid the weakening dollar and reports that Chinese authorities are recommended to slow or to stop purchases of US Treasuries. This writes Interfax-Ukraine with reference to the Financial Times.

So, in London trading gold rose to $1327 per Troy ounce.

According to Bloomberg, the signals from Beijing indicate that China has the largest foreign exchange reserves in the world, is ready to increase investments in other currencies. The yield on 10-year US Treasuries increased to its highest level in 10 months, exceeding of 2.59%.

By the way, from the beginning of the year the price of gold has increased by around 1%, in 2017, the spot price of the precious metal grew by 12.8%, while futures on the new York stock exchange Comex rose in price by 12.6%.

We will remind, earlier the price of gold peaked in early November 2016 due to increased political tensions around North Korea.