Gold prices significantly advance

Gold prices significantly advance. Gold
AP Photo

Gold prices rose on Friday after a significant decline the days before.

Gold for December delivery at the New York COMEX exchange rose 8.4 dollars, that is 0.75 % up to $1,131.1 a troy ounce. On Thursday the cost of an ounce decreased to 1,119 dollars. In total, the precious metal lost 3,2% from Monday to Thursday.

Silver for December delivery increased 0,65%, that is 14.17 dollars an ounce.

The gold sales on Thursday were connected with lower demand for more reliable assets given the US GDP data surpassing the prognosis of analysts.

Also read: Gold prices fall to five-year low after Chinese gold reserves grow


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Author`s name Editorial Team