Gold trades above $ 1,400

on May 30 | in All, Commodities, Investing | by | with No Comments

Fears around the possible withdrawal of stimulus to the U.S. economy boost asset price.

Gold futures price advanced 1.3% to trade at $ 1,411.27 an ounce, maximum of the week. The metal has been falling since the beginning of the year, having already devalued about 16%, after more than a decade without losing value.

The boost of the precious metal price, considered the asset of refuge for economic turmoil, is explained by the fears about the possible withdrawal of stimulus measures of the world’s largest economy by the U.S. Federal Reserve.

Despite this rise in gold, many analysts believe the metal will continue to lose value until the end of the year, could even negotiate below $ 1,000 in the next five years, said some experts to Bloomberg earlier this week.

In the equity market, the European indexes advance with no defined trend, with the major exchanges to open with low figures but oscillate between gains and losses during the morning.

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