Gold increases more and more whereas the dollar price promotes demand for a precious metal.
Yesterday at the auctions in Singapore the gold price rose on 1,5% and made up of 1103,43 dollars for troy ounce, inform the RIA-news. During the New York commodity exchange auctions the February future for gold has risen in price for 0,9% — to 1103,30 dollars for ounce.
The becoming cheaper dollar continues to render to the prices for gold support. Dollar to euro has fallen to 1,4355 dollars for euro in comparison with 1,4337 dollars for euro in the afternoon before. Experts come out with assumptions of the price jump for metal to 1500 dollars for ounce or even above ".
Let's notice that since the beginning of this year gold has grown in the price for 25% against reduction of American currency cost.