On Friday, August 24, New York trading session was over with the price of 1672.9 dollars/ounce for December future for gold. Consequently, this day gold has updated its 4-month high. Following the fact when on August 23 the price has risen by 2 percent in the course of a trading session, interest to buying gold has slightly decreased. However, the price has not dropped to below 1665 dollars/ounce, which means that the price for the precious metal has slightly risen.
Demand for physical gold remains stable. Gold has gone up by 70.5 dollars/ounce during the week of August 15-24. During the previous week gold dropped only on August 22, which has been caused by post-growth correction; the drop then amounted to 0.2 percent.
Today gold may come close to the point of 1680 dollars, it is traded within the range of 1673.2-1679.3 dollars/ounce.
The chart shows the movement of gold at stock exchange:
