Gold ended Friday’s session (3) on the rise, Resuming rally after pause the day before, while silver has renewed higher level in 14 years. Investors continue to follow Shutdown in the United States and the impacts on Federal Reserve’s monetary policy decision.
At Comex, Nymex Metal Division (New York Bag), The gold for December ended in an advance of 1.05%, to US $ 3,908.90 per jaguar. In weekly variation, the commodity accumulates 2.62%gains, ending the seventh consecutive week.
The gold metal again rose during the third day of stoppage in the activities of the United States government. According to analysis of Saxo Bank, Shutdown brought a new demand for gold on a global scale.
Not even the festivities of the Chinese holiday Golden Week, which usually diminish the search for metal, affected prices, ponders the bank.
The delay in the dissemination of important economic data leaves the US Central Bank leaders, according to statements by Chicago Fed President Austan Goolsbee.
In a report, the capital Economics states that it is “far above consensus” by designing that the price of gold will advance to a new maximum of $ 4,000 per jaguar, driven by the demand for central and institutional banks, as well as persistent problems in China’s real estate market.
Among other precious metals traded at Comex, silver for December closed up 3.44%at $ 47.96 the jaguar, after renewing higher level in 14 years, to $ 48.32 the Troy jaguar. In the week, the silver metal rose about 5.5%.
*With information from Dow Jones Newswires
