Fear pushes gold above $ 1300

Fear pushes gold above $ 1300

World August 28, 2017 20:27

amsterdam - The gold price has risen above $ 1300 due to the weakened dollar. That's for the first time since November last year.

The precious metal increased over 12% in value this year. Also, the meeting of central bankers in Jackson Hole for the upcoming interventions left investors uncertainty over which they temporarily pull gold.

The metal has now become more interesting than hedge for large funds than the Japanese yen, usually a strong currency in the currency world.

According to analysts of business banks, gold would still be preferable as a flight hill. With the uncertainty in Washington, Bank of Amercia is at a price of $ 1400 at your fingertips. That would be the first strong move since 2013 when 'solidified anxiety sweat' lost a lot of value.

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