Gold prices fluctuate in anticipation of statistics on US consumer prices

Gold prices fluctuate slightly on June 9 morning under the influence of ambiguous factors, reported from the auction data.

The price of August gold futures on the New York Comex exchange fell by $0.5, or 0.3%, to $1,856 per troy ounce. July silver futures rose 0.1% to $22.117 an ounce.

On the one hand, investors prefer to buy precious metal as a safe-haven asset in times of high inflation. On June 10, the publication of statistics on consumer prices in the US for May is expected. Analysts believe that the annual rate remained at the previous month's level at 8.3%, and the monthly one rose to 0.7% from 0.3%.

On the other hand, the price of gold is constrained by the growth in the yield of ten-year US Treasuries to 3.04% from the previous closing level of 3.029%.





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