Gold rises in price on fears around the future of the world the economy

Gold continues to rise this morning - at 9:25 am it went up by 0.43% to $ 1,737.89 per troy ounce. A prerequisite for this advocates the caution of investors who prefer safe assets in the face of unclear prospects for the global economy. Silver rose 2.59% to $ 16.27 an ounce. Statistics on the US labor market was released yesterday. Despite the fact that the number of initial applications for benefits for unemployment decreased, this happened in smaller volumes than predicted. The number of requests was 2.98 million against expected 2.5 million According to the chief market strategist of CMC Markets Michael McCarthy, quoted by Reuters, now it becomes clear to the players that the restoration of the global the economy will take much longer than anticipated. In addition, the growth of gold quotes is facilitated by the tension in relations between the United States and China, in particular, the message that Beijing prepares retaliatory sanctions against Washington, which accuses him of the spread of the pandemic.