Gold on Friday ranged in price, but can grow up bidding against dollar depreciation, as well as the previous reduction of metal prices, which may encourage increased investment in gold from investors, RIA Novosti reported.

spot price of gold rose in the auction on Friday at 1.05 dollars, or 0.1%, and reached 1,095 dollars per troy ounce. Since the beginning of this week the price of the metal fell by 3,2%, which is up on Friday can be a maximum rate of reduction of price for six weeks. The February gold futures in the course of trading on the New York Mercantile Exchange, however, fell by 0,8% - to 1,094.6 dollars per ounce.

"Yesterday, the gold is enormous pressure - leads the agency the words of senior vice president of MKS Finance SA Afshin Nabawi. - Investors believe the current price level is ideally suited for the acquisition of the metal. The dollar also has fallen in price slightly.

On Friday, the dollar has fallen in price relative to the single European currency to 1.4137 dollars per euro to 1.4084 dollars per euro at the auctions on Thursday against the U.S. administration"s plans to restrict the scope of the possible use of U.S. banks in order to contain the risks taken financial institutions, and protect taxpayers.

Investors fear that the measures the authorities, together with constraints on the proportion of the bank"s presence in markets that may affect investor demand for U.S. assets, which, in turn, weaken the dollar.

During the crisis in the economy of the gold is particularly popular with investors, who see it as a more reliable alternative to volatile currencies and are prone to major fluctuations in the shares of companies. In most cases the gold in the period of instability in the global economy helps investors not only to keep their free money, but also enrich them.

The stock market of Russia completed a week before the fall of 1410 points on the MICEX on the external negative