Gold rises in price on world markets

Gold prices on April 22 morning rose after declining by about 2% in three trading sessions, Report informs referring to the trading data and analysts’ comments.

The price of June futures for gold on the New York Comex rose by $5, or 0.26%, to $1,953.2 per troy ounce. May futures for silver fell 0.11% to $24.593 an ounce.

The precious metal market is seeing positive dynamics on April 22 morning after gold fell 2% in the previous three trading sessions.

Analysts at Goldman Sachs, whose opinion is quoted by the Wall Street Journal, expect gold prices to reach $2,500 per troy ounce at the end of the year due to high demand for an asset-safe haven from inflation.

In addition, the cost of the precious metal is supported by geopolitical tensions around Ukraine and anti-Russian sanctions.