Baku. 16 February. REPORT.AZ/ During 4 working days the price of gold on the world market fell by 5% below the level of 1200 USD per ounce. Report informs temporary optimistic mood in global financial and commodity markets allowed investors to take advantage of an opportunity.Thus, the stock market indexes increased, the price of oil rose, the price of gold, on the contrary, decreased.As a result, investors sold off assets like gold rising sharply in recent days, while focused assets to cheaper stocks and oil.
It should be noted that from November 30, 2015 gold went up from 1 046 USD per ounce by 20.5% and as of February 11 reached 1 260 dollars / ounce over. Gold prices increased mostly because of negative factors such as cutting interest rates to negative by banks and geopolitical situation in the world.
Analysts of Report believe that the negative trend in the global economy continues, and now the upbeat mood is due to the temporary increase in investors' risk appetite. After the G-20 summit to be held on February 26-27 in Shanghai the global financial markets will continue to move towards the negative.This year the price of gold is expected to increase up to 1 400 USD per ounce.