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Enhance the status of gold Wednesday January 20 with the decline in equity markets and the fall in oil price as a safe haven but a slowdown following demand from Asia kept the gold without the highest level achieved this month.
Asian stocks fell to their lowest level in over 4 years, while US crude fell to its lowest level since 2003, raising fears about the global economy. Transactions also experienced a decline in the US dollar as well.
The International Monetary Fund cut its forecast for global growth for the third time in less than a year after that the Chinese economy grew less pace in 25 years in 2015.
By 12:18 Moscow time, the price of an ounce of gold rose in online transactions by 0.82% or $ 8.9 to $ 1096.31 an ounce (an ounce). The precious metal also rose as the US futures contracts for delivery in February rose 0.62%, or $ 6.8 to $ 1095.90 an ounce.
Analysts said the "Citigroup" in their expectations about the commodity markets in 2016 that the status of gold as a safe haven occupies returned to the forefront once again amid concerns about the Chinese economy and falling stock markets and rising geopolitical tensions in the Gulf.
Analysts and added: "Usually strengthen geopolitical issues Gold prices for a short period of time, but now we expect to enhance the current global economic fears prices of the precious metal during the current quarter of the year."
Among other precious metals silver stabilized in online transactions at a price of $ 14.015 an ounce, while the price of palladium fell 0.7% to $ 488.61 an ounce, fell platinum price rose 0.6% to $ 818.50 an ounce after that went down to the lowest level in seven years at 812.95 dollars an ounce.
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Source: "Reuters"