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- Gold approached the seven-week high
Gold approached the seven-week high
Gold prices are close to the maximum of seven weeks of growth and complete the fifth week in a row due to the downturn in the stock markets .
After a 28 percent decline in 2013, gold was the new year thanks to the growth slowdown in the stock markets due to the weak economic performance of China and mixed quarterly reports of American companies . However, evaluation research firm Thomson Reuters GFMS, this year prices will fall another 13 percent due to improvement of the world economy.
Experts note that the U.S. stock markets unusually weak in January that revives interest in precious metals .
Stocks of the world's largest exchange-traded fund backed by gold (ETF) SPDR Gold Trust fell on Thursday by 5.39 tons to 790.46 tons , which is close to the five-year minimum. The >
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