Gold prices fall
12.08.2022 16:30
Gold prices on August 12 fell slightly after the growth of recent days, when the precious metal returned to levels above $1,800 an ounce, reported from the auction data.
The price of December futures for gold on the New York Comex exchange fell by 0.18% to $1,803.90 per troy ounce. September silver futures fell 0.13% to $20.323 an ounce.
According to statistics released on August 10, annual inflation in the US in July slowed down, and even stronger than expected - to 8.5%, after 9.1%, a record since 1981.
Such data became a signal that the US Federal Reserve System (FRS) may slow down the pace of increase in the discount rate - according to CME Group, 61.5% of analysts expect a growth of 0.5 percentage points in September, while earlier it was mainly expected to increase by 0.75 percentage points.
For several sessions before the release of these statistics, gold was rising in price as an inflationary "hedge", but now a weak correction continues.
www.anews.az
The price of December futures for gold on the New York Comex exchange fell by 0.18% to $1,803.90 per troy ounce. September silver futures fell 0.13% to $20.323 an ounce.
According to statistics released on August 10, annual inflation in the US in July slowed down, and even stronger than expected - to 8.5%, after 9.1%, a record since 1981.
Such data became a signal that the US Federal Reserve System (FRS) may slow down the pace of increase in the discount rate - according to CME Group, 61.5% of analysts expect a growth of 0.5 percentage points in September, while earlier it was mainly expected to increase by 0.75 percentage points.
For several sessions before the release of these statistics, gold was rising in price as an inflationary "hedge", but now a weak correction continues.
www.anews.az
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