The reserve bank was out and about today광주안마, trading at its highest level for more than two months in a row.
“It is not the beginning of the end,” said Mark Colgan, chief analyst at CIBC World Markets.
“I don’t think that we have ever seen anything like it, let alone an extended uptren전주출장샵d in gold at such an attractive price over such a short period of time. ”
Gold’s price is up 50 per cent this year. The most recent monthly delivery from the United States last Monday was 9.3 tonnes of 1,070 kg of the metal at $1,234.60 an ounce (about $23.26 a metric ton).
That is the biggest-ever week-to-week gain since June 10, and the largest weekly rise in 15 months.
The United States Fed’s decision to raise interest rates, and other global financial turmoil including Chinese economic uncertainty, has boosted the gold market.
However the gold price may be the catalyst for a significant jump in silver.
A recent study by the National Futures Association showe슬롯 머신d that silver was down 2.6 per cent in June from a year earlier, the largest one-day decline in more than three decades.