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Gold rose to its highest price in nine years: what affected the price

Gold in Wednesday's trading rose to its highest since August 2011 amid growing tensions between Washington and Beijing. Recently, gold rose to its highest price in eight years.

So, the price of gold futures on July 22 for delivery in August rose at Comex trading by 1.2%, to 1865.1 dollars per ounce. The historical record price of gold was recorded on August 22, 2011 – 1891.9 dollars per ounce.

Silver at the end of trading on July 22 rose to a seven-year high. Quotes for September silver futures on the new York Mercantile exchange (NYMEX) jumped by 7.4% — to the highest since September 2013 23,144 dollars per ounce.

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