The dollar weakened, US government bond yields fell and the information that Warren Buffett invested in gold pulled up nearly 40 USD.

Closing session 17/8, each ounce of world spot gold increased by 38.8 USD to 1,983 USD per ounce. During the session, the price sometimes increased to $ 1,991. Until this morning, the price is fluctuating around 1,980 USD.

Gold price last week had the strongest drop in 5 months, because investors reassessed their position when precious metal plunged from the peak of 2,072 USD established at the beginning of the month. "The sharp drop in prices and subsequent price volatility partly revealed speculation with precious metals," said Daniel Ghali, commodity strategist at TD Securities.

The information that Berkshire Hathaway - Warren Buffett's investment company - bought shares of the world's second-largest gold miner also helped to increase market sentiment. Reports on Friday showed that Berkshire bought 20.9 million Barrick Gold shares in the second quarter.

"Berkshire buys gold miners, not gold. However, this still motivates those who want to buy gold but are staying out. The current positive sentiment has helped them to lower their resolve," Ghali said. .

Other factors supporting gold prices are the dollar plunging more than a week, 10-year US government bond yields slightly lower, and the New York Fed's Empire State Manufacturing Survey going down.

Investors are waiting for minutes of policy meeting last week of the US Federal Reserve (Fed). "The market is expecting the Fed to still support the economy. The price could go above $ 2,000 before the record is announced, and exceed $ 2,250 by the end of the year," said Bob Haberkorn - market strategist at RJO Futures said.