The gold price today reached its peak in the last month. The reason for the increase is the weak macroeconomic indicators in China, which increased the demand for safe assets. Uncertainty about a base rate increase in the United States also affects this increase.
Thus, as of 08.35 MSK, December gold futures on the New York Stock Exchange Comex rose by 10.8 dollars (0.94%), the cost is 1164 dollars per troy ounce, these indicators were the highest since July 15. The December futures price of silver rose by 0.63% to 15.66 dollars per ounce.
Experts report that the preliminary indicator of business activity index PMI in China's industrial sector showed the lowest value in the last 6.5 years and reached 47.1 points, which does not inspire firm hope in the economic stability of China.
