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Online Practices – Gold Price Five Year Maximum



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NEW YORK Gold prices have risen since the current trading in Asia, when the US Federal Reserve (FED) repaid the door to further lower interest rates, Tanjug reports.

Gold for delivery reached a price that was not recorded for more than five years, "caught" by 1.62% to about $ 1,381.94 per ounce, CNBC reports.

Also, the price of "futures" gold rose sharply to $ 1,385.40 per ounce, as Reuters said it rose somewhat earlier to $ 1.397.70 an ounce.

When yesterday's Fed meeting, when the US Federal Reserve left the interest rate unchanged, but "knocked the door" because of its possible reduction, the 10-year US Treasury declined by less than 2.0 percent for the first time in November 2016.

As FED interest rates are expected to be reduced by 2020, gold has become "quite attractive", said Rob Carnell, CFO of ING Bank in Asia-Pacific.

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