FX & CFD trading involves significant risk
Gold prices are stable after a strong growth on Monday by nearly 2%, while gold rose in price in the framework of general optimism in global financial markets on hopes for the imminent debt problems in the eurozone.
Stocks ETF backed by gold funds last week rose to a record 69.993 million ounces, adding just over 2.2 million ounces per month, which indicates the high investor demand for assets, alternative currencies, stocks and bonds.
Experts note that prices are unlikely to update the historical high this year, as trading activity is reduced before the New Year, when traders try to take profits and step aside.
In September, prices reached a historical high of $ 1.920,30 per ounce and has since declined to 10.7%. From the beginning, gold has risen in price by more than 20%.
Today, December gold futures on the Comex in New York is kept in the range 1704 - 1718 dollars per troy ounce.
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