Gold: the price confirms its recovery this afternoon

© Reuters. Gold: the price confirms its recovery this afternoon

At the end of the first auction this Tuesday, in London, the ounce of gold stood at 1.329,4 $ (+ 7,1 usd compared to the auction yesterday afternoon) and 1.077,1 euros (- 0.5 euro).

Fell late last week on the 1.310 dollars in a context of anticipation of higher inflation and tension of the long-term interest rates, the value of shelter is found from these last days.

Of course, the ‘ten years’ american remains, to 2.85 per cent, close to its peak since the beginning of 2014, and the German Bund equivalent to 0.73 per cent, has more than doubled from its level in the middle of the month of December.

Remain doubts about the tax reform and the plan of renovation of the infrastructure required by Donald Trump, in the United States. In the current state, the corresponding resources have not been released and in addition to their aspect of inflation, these measures will likely increase the federal deficit in significant proportions. Finally, the us dollar, reference currency for the trading of the metal, is weakening again.

However, investors will always come back not on the ETF gold american SPDR Gold Shares : fell to 820,7 tonnes on Friday, its lowest since August, 2017, the outstanding balance of this product is to play gold from the stock Exchange thus remains at its lowest level since last August.


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