Price for gold reached 1,610.00

Source: Dukascopy Bank SA

On Wednesday, January 8, gold renewed the seven-year maximum at 1,611.73.  

Yellow metal has been appreciating actively against the US Dollar since the beginning of current trading week due to tensions on the Middle East. 

Note that the demand for other safe-haven assets and currencies also has been increasing due to the US-Iran crisis.

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Wed, 22 Jan 2020 10:27:00 GMT

Japanese Yen appreciated on raised growth forecast

On Tuesday, January 21, the Japanese Yen appreciated 45 pips or 0.41% against the US Dollar.

Mon, 06 Jan 2020 14:45:00 GMT

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During January 3-5, gold appreciated 2.52% or 3898 pips against the US Dollar. The price for gold hit the seven-year high at 1,587.92.

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