[ad_1]
In anticipation of the easing of central bank monetary policy and for fear of a global recession, the price of gold is increasing.
Source: Sputnik
Photo: Epa, STF
April has become the best month for him in the last four years.
“The massive support we are seeing now is helping gold. Despite the increased appetite for risk, gold prices are still above $ 1,700 an ounce, although it has been under pressure due to growth in the stock market” Commerzbank analyst Eugene Weberg told Reuters.
Since the beginning of the month, gold has risen nine percent to $ 1,714.1 an ounce.
According to analysts, “The Federal Reserve has maintained the same interest rates and will continue to be for some time. In the future, monetary stimulus from the European Central Bank and the Federal Reserve will probably increase the demand for gold,” reports Sputnik.
The price of other precious metals has also increased. Palladium rose 3.8 percent to $ 2009.05 an ounce, platinum 0.2 percent to $ 776.2 an ounce. Silver fell 0.2 percent to $ 15.33 an ounce.
[ad_2]
