Today, the world gold market has demonstrated to traders that it is still capable of presenting some surprises. The instability of the US dollar and the increase in tension in the Middle East have led to the price of this asset growing by more than two percent, and there are all signs that growth will not be limited to this.

In the course of trading on COMEX (a division of the New York Mercantile Exchange), December futures contracts for gold reached $1,225.50 per troy ounce, which means an increase of 2.19% or 26.30 points. Analysts' forecasts suggest that we should probably expect further growth of quotations, to the level of $1,218.90 per troy ounce. There is an extremely small chance that this forecast is erroneous.

Gold

Also, we remind you that during the Friday session of trading on COMEX, the December silver futures contract added 2.92% or 0.408 p., reaching $14,360 per troy ounce. December futures for copper rose in price by 0.15%, entrenched at the level of $2.745 per pound.

Cooper

It should be noted, that the USD index, which shows the strength of the US dollar relative to the weighted average trading basket of six major world currencies, fell to $96.37 (-0.43% or 0.42 p.).

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