Baku 17° C
Experts: Gold price will continue to rise
Finance
- 13 February, 2016
- 11:50
Add Report.az to preferred Google sources
Stay up to date with the top news!
Baku. 13 February. REPORT.AZ/ The price of gold ended week with 66 USD / ounce or 5,6 percent growth on the world market. This is due to the factor of rising expectations of global economic recession and falling interest rates of number of banks in developed countries below zero.
Report informs in general, gold prices ended the week in a range of 1 165-1 260 USD / ounce. Note that, gold rose by 179 USD or 17% since the beginning of the year.
The threat of entry of US economy to the stage of recession in next few months is expected to increase demand for gold. Gold is expected to rise to 1 300 USD / ounce in the near future.
Author
Latest News
17:53
Azerbaijan's new Chinese-built trains to mainly serve Baku–Gazakh route
Infrastructure
17:49
Baku meeting to strengthen anti-corruption cooperation, official says
Foreign policy
17:39
Adjara's culture minister proposes creating joint youth orchestra with Azerbaijan - Exclusive
Foreign policy
17:27
Cross-sector information sharing key to preventing cyberattacks, official says
ICT
17:22
Azerbaijan joins Makkah Convention on anti-corruption co-op among OIC states
Foreign policy
17:16
European Commission approves €5.4B loan for Hungary under SAFE
Foreign policy
17:05
Central Bank official warns against delays in cyber incident reporting
ICT
17:03
Photo
Azerbaijan, UAE sign military cooperation roadmap for 2027–2029
Military
17:00
Photo
Report Media School welcomes its 22nd group of trainees
Media