Gold falling in price amid dollar’s strengthening
22.11.2021 11:30
The price of gold on November 22 morning is slightly decreasing on growth of the US dollar, remaining around $1,850 per ounce, reported from the auction data.
The price of December gold futures on the New York stock exchange Comex decreased by 0.13%, or $2.35, to $1,849.25 per troy ounce. December silver futures are down 0.08% to $24.76 an ounce.
On November 22, the US currency continued to strengthen against most of others. This is unfavorable for potential buyers of gold - holders of other currencies.
As a result of the last meeting, the US Federal Reserve System (Fed) decided to start reducing the buyout of financial assets from the market - by $15 billion a month from the current $120 billion. Soon, the minutes of this meeting will be published, where market players hope to see additional clues regarding the further actions of the Fed.
www.anews.az
The price of December gold futures on the New York stock exchange Comex decreased by 0.13%, or $2.35, to $1,849.25 per troy ounce. December silver futures are down 0.08% to $24.76 an ounce.
On November 22, the US currency continued to strengthen against most of others. This is unfavorable for potential buyers of gold - holders of other currencies.
As a result of the last meeting, the US Federal Reserve System (Fed) decided to start reducing the buyout of financial assets from the market - by $15 billion a month from the current $120 billion. Soon, the minutes of this meeting will be published, where market players hope to see additional clues regarding the further actions of the Fed.
www.anews.az
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