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The price of gold rising after the fall of the previous day, due to weak demand for physical precious metals. Investors remained concerned about the decline in demand for gold from the main consumers of this precious metal - India and China, although the price of gold does not exceed the level recorded at the beginning of the year.
On Thursday, it was reported that as of April 18 the amount of precious metal stocks the world's largest gold fund SPDR Gold Shares ETF has not been changed six consecutive sessions and remained at 1.28 tons.
At the same time, investors' attention on Thursday focused on the auction two-year and ten-year government bonds in Spain totaling 2.5 billion euros. The increased interest in this location due to the fact that earlier this week, ten-year government bond yield of the country exceeded the psychological mark of 6%.
It was learned that the Spanish Government has successfully placed two-year and ten-year government bonds worth 2.541 billion euros - a little above the target range.Spain's Ministry of Finance planned to sell the government bonds of 1.5-2.5 billion euros.
In particular, it has a decade of debt securities to 1.425 billion euros. Yield was 5.743%, demand exceeded supply by 2.42 times. At the previous auction of ten-year government bonds interest rate was at around 5.403%, demand exceeded supply by 2.17 times.
The authorities also offered debt securities to investors with a maturity of two years amounting to 1.116 billion euros. Yield was 3.463%, demand exceeded supply by 3.28 times.
May futures on the COMEX for gold today rose to $ 1653.3 an ounce.
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