The gold price Wednesday has grown in the course of the trading session in North America, recovering from an eight-week low the previous session after the US president Donald Trump suddenly fired FBI Director James Comey.
Increasing fears that North Korea may be preparing for another test of arms, also supported gold.
Futures price of gold on the Comex division increased by about $ 8.50, or about 0.7%, to $ 1224.5 per troy ounce as of 8:00 am EDT (12:00 GMT). Meanwhile, the spot price of gold was $ 1224. The yellow metal on Tuesday reached its lowest level since March 15, at the level of $ 1214.30 on the background of fading demand for haven assets. Market players are alerted after Trump fired Tuesday night the head of the Komi FBI as a result of the shock that shook Washington, about the scandal with e-mail in the elections with the participation of the then presidential candidate of the Democratic Party, Hillary Clinton. The Democrats immediately accused Trump of political motives, as Cody led the FBI investigation of alleged Russian interference in the presidential campaign in the United States in 2016 and the possible collusion with the campaign Trump. Market analysts warned that Cody dismissal may create interference, which may delay the Trump administration's plans for tax reform and infrastructure costs. The dollar index, which tracks the greenback against a basket of six major currencies, fell to 99.40, retreating from a three-week high at 99.56, reached on Tuesday. Rate of return of 10-year US Treasury fell to about 2.37%, compared to the five-week high on Tuesday, which was equal to 2.416%. Expectations of Fed rates next month have limited growth. Market is estimated at about 80% probability of a rate hike at the June meeting, the Fed data show Investing.com's Monitor Rate Monitor Tool. Also on the Comex price of silver futures rose 25.1 cents, or about 1.6%, to $ 16.32 per troy ounce. Tuesday its price has dropped to $ 16.06, the first time since January 3. Platinum price rose by 0.9%, to $ 908.95, while the palladium price rose by 0.7%, to $ 798.85 an ounce. Futures price for copper rose 0.5 cents to $ 2.503 per pound, near a four-month low of $ 2.472 reached on Monday.
