Gold falling in price amid dollar’s strengthening

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.

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