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The price of gold on the threshold of $1270 (2016-12-08)

The price of gold on the threshold of $1270

The gold price on Monday trading in the global market was affected by demand for a safe asset along with a weakening of the US dollar close to the highest in the last month and a half. In today's trading each ounce of gold for delivery in August rose by 0.03% to $1268.80. Gold rose 1.1 percent last week experiencing a third consecutive weekly growth.
According to ICBC's Tokyo Branch Bank the market is cautious about the Korean Peninsula and investors prefer to buy gold in such a situation. On Monday Asian equity markets continued to decline on Monday following a weak performance of global stock markets late last week as a result of weak corporate financials while the dollar rose slightly but continued to decline, It is close to its last few months.

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