Gold prices are close to the maximum of seven months due to the promise of the U.S. Federal Reserve to keep interest rates low.

Last week, the Fed said that he was going to keep interest rates near zero until mid-2015, causing gold prices rose by 2 percent in one day.

The price of gold has doubled in the past four years, the Fed has spent almost $ 3 trillion to buy bonds. Since the beginning of 2012 gold price increased by 13.2 percent.

Stocks of gold-ETF funds in the last month rose by more than 3 million ounces to a record 73.58 million ounces.

October futures price of gold on COMEX today kept in the range of 1765.0 - 1776.1 per ounce.