The Price Of Gold Is Four Weeks High [ UPDATED ]

in #gold7 years ago


The gold price on Monday morning traded at four-week highs, while the US dollar reached a new 13-month low due to political uncertainty in the United States, Reuters reports.

The price of the precious metal was 0.1%. To US $ 1,255.92 an ounce. In the morning, she reached a four-week high ($ 1.257.18 an ounce). Gold prices rose 2.1 percent last week.
The USD exchange rate fluctuated around the 13-month lowers in other major currencies, with stringent Donald Trump's reforms in the United States and rising scandals on relations with Russia.
Production growth in Japan in July slowed down for the second consecutive month. This was demonstrated by a preliminary private investigation published on Monday. These results were supported by a stagnant export demand.

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Gold might be high but it is still undervalued and not considered by many as a true representation of wealth. I guess everyone is too busy mining virtual currency.

we still have old gold in world :)

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