Futures for gold and silver rose to highs

The demand for precious metals is growing due to the retention of the Federal Reserve's low interest rates, the price of silver and gold on Tuesday rose to highs over the past few months. Investors continue to follow developments in Iraq and in the Ukraine.

Morning trading in Europe showed a characteristic increase in the price of gold: the Comex division of New York registered a price increase to the maximum session $ 1326.40 per troy ounce (delivery in August), and then to $ 1324.20.

Earlier this week gold has risen in price by 0.14% (to $ 1.80) and the price stood at $ 1318.40. It is likely that prices will support at $ 1276.20, the low of June 19 and resistance will have on the level of $ 1331.40, the high of April 14.

Silver on the Comex gone up in price by 0.85% (for September delivery) - 17.8 cents and the price of $ 21.14 per troy ounce. The central bank has no plans in the near future to increase interest rates, as stated by the head of the Federal Reserve Janet Yellen, and because the price of silver and gold have good support. Now, market participants are waiting for the data from the US report, including data on the private sector (consumer confidence) and the report on home sales of the primary market.

There are still concerns due to the behavior of militants in Iraq, where the "Islamic State of Iraq and the Levant" keep under control the area around Jordan and Syria. To provide US assistance to Baghdad, Washington made it a condition - to create a new government before July 1st. Fulfill this condition should the Prime Minister of Iraq.