Gold above $1750

Gold has overcome a powerful resistance level of $1750 per troy. an ounce. This morning, as of 8:50 on the Comex exchange. was traded at $1767.40. Growth factors are fears on the coronavirus wave, heated up by the head of the Federal Reserve Bank of Boston Eric Rosengren. During an online conference of the Chamber of Commerce, an official said that quarantine measures may be extended due to repeated outbreaks diseases and the economic recovery process will be disrupted. Attempts to contain the pandemic in the United States have not ensured expected results, no monitoring of compliance restrictive measures, Rosengren said. As a consequence, it will be necessary to prolong the quarantine regime, which will lead to increased unemployment, Decline in consumption and investment. The growth driver for gold was also the unwillingness of the leaders the European Union to sign an ambitious economic recovery plan of Europe, as they said last Friday.