Gold Prices Continue to Increase

Gold prices are recovering despite the strength of the US dollar. At the end of last week, gold fell to a low of 1260.00, but then it quickly increased in price by $18 to the level of 1278.00, as there appeared news that North Korea could test a new missile capable of reaching the United States.

The growth of gold prices continued today and reached the level of 1284.50. Traders expect gold to be volatile this week in anticipation of economic data and the FOMC protocol. Prices for silver strengthened after the growth of gold. Silver traded at the level of 16.9540.