Gold market is finally reviving. As Bloomberg reports, on Thursday metal price showed the highest gain since June 2016, when the UK voted for exit from European Union. Investors needed to see too big equity market slump to turn their attention to this safe heaven asset again.

Precious metal price growth was also supported by weaker than expected data on US inflation, which may result in slower interest rates hike pace by US Fed.

On Thursday gold price grew to the highest level in ten weeks $1226,42 per ounce. Since the end of August price was holding close to $1200 level. And although on Friday it lost 0,3% to $1220,04 by the middle of Asian trade day, the gold is still ready to show the second week of advance.

Shares of gold mining companies gained as well. The largest producer in Australia Newcrest Mining Ltd rose by 3,8%, while Zijin Mining Group Co. in Hong Kong gained 5,1%.

Price of silver almost has not changed and holds at $14,5817 per ounce. Platinum is stable at $840,82 per ounce. Palladium gained 0,3% to $1083,50 per ounce showing 1,1% growth this week.