Gold received another push up. At this time, by the Minister of Finance of Japan- on AMarkets materials.
Gold prices are rising rapidly (6-week record for the length of the rally) after Japan agreed budget. Gold also helped the dollar weakening. Gold has always rises when the dollar falls. Futures na me tal tightened by 29% in 2016. In many ways, contribute to sustainable rally speculation about a possible increase in interest rates the US regulator. Sovereign debt in developed countries (it is something around $ 9 trillion) as unattractive due to low, near-zero interest rates. The larger global QE, the higher the demand for the yellow metal. The more surprises are expected from Japan - the higher the demand for the metal.
According to the manufacturers of metal Fresnillo Plc (the largest player, producing silver) and Australian gold miner Northern Star Resources Ltd. It believes that the growing trend for precious metals will be long-ity. The index of gold miners (14 companies) - Bloomberg Intelligence - moved up by 2.9%. This is the highest increase since 2013. Kinross Gold Corp. and Barrick Gold Corp. - Companies whose securities rose noticeably everyone else.