Price of gold exceeds $2,400 per troy ounce

Gold rose in price on Friday morning, breaking the mark of $2,400 per troy ounce, Report informs.

Quotes of the precious metal were influenced by investor expectations regarding monetary policy in the United States.

The price of June gold futures on the New York Comex exchange rose by $3.25, or 0.14%, to $2,401.36 per troy ounce.

May silver futures rose 0.33% to $28.447 per ounce.

Many analysts are paying particular attention to the outlook for US monetary policy as they expect it to have a significant impact on global financial markets, including gold futures trading.