21.01.2014- Gold continues to consolidate

The price of gold reached an inclined support line. In recent years, the growth of quotations was caused by rising investment demand for the metal. Support is also provided by the increase in purchases of metal in China in connection with the future celebration of the New Year. In the case of contined growth, the price will reach 1265 dollars per troy ounce. Support is at 1242. The dynamics of prices may be affected by the news from the forum in Davos.

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