Gold rises on Fed support measures and concerns investors

Gold rises in price this morning - at 9:55 am the price of a futures with August delivery on the Comex rose 0.29% to $ 1,732.15. Positive dynamics was a reaction to yesterday's message The US Federal Reserve on new measures to support the economy. Yesterday, the regulator announced the expansion of the purchase program corporate debt, which is designed to support the victim of pandemic to the US economy. According to the Fed, the move will help maintain market liquidity and availability loans for large employers. Fears also act as a factor in the growth of prices for precious metals. investors associated with an increase in the number of coronavirus cases in a number of states - China, USA, Latin American countries. Gold was also supported by the actions of the Japanese central bank, decided to leave the key rate at the level of -0.1%. Stimulating measures by central banks can serve as a growth driver for this precious metal, as investors resort to it as a an asset that protects against inflation and a collapse in the exchange rate.