Plot of the day: shares of gold miners are in positive territory against the backdrop of metal prices – ExpertRU

Quotations of gold mining companies went up following the results of trading on the Moscow Exchange on Friday, July 29. During the day, securities of Seligdar (+5.59% to 43.98 rubles apiece) and Polyus (+4.64% to 8625 rubles apiece) went up in price.

Gold is strengthening for the second week in a row. On Friday evening, the price of August futures for gold on the New York Comex exchange rose by 0.16% to $1,753.1 per troy ounce. On the Moscow Exchange, by the evening, the cost of the precious metal increased by +0.80% to 1,783.3 rubles per ounce.

“The demand for gold was supported by the weakening of the dollar and fears about a possible recession after the release of data on the decline in US GDP for the second quarter in a row. Gold has traditionally been a more reliable asset. Since the beginning of the month, the decline has been 3% – the fourth month in a row that gold has fallen in price,” analysts say.

The Moscow Exchange Index by the end rose by +1.13% to 2213.81 points. The RTS index fell by -0.78% to 1128.95 points. As of 18:53 Moscow time, Brent crude stood at $105.2 per barrel (+3.31%). The Russian currency weakened – 61.75 rubles. per dollar.

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