Gold prices declining amid statistics from US
12.11.2021 10:30
Gold prices on November 12 morning are declining, after rising in price for six trading sessions in a row, and since the beginning of this week prices have grown 2.3% against the backdrop of statistics on record-high inflation in the US.
By 8:56 (GMT+4), the price of December futures for gold on the Comex New York stock exchange decreased by 0.27% or by $4.95 to $1,858.95 per troy ounce.
December futures for silver fell 0.25% to $25.238 per ounce.
The gold price was supported by statistics on record inflation in the US. According to official data, annual inflation in the country jumped to 6.2% in October from 5.4% a month earlier, while it was expected at only 5.8%. October data hit a record high since 1990.
Such statistics increased inflationary risks, which supported gold. As a result, since the beginning of the week, the price of gold has shown an increase of about 2.3%, the indicator has grown for six trading sessions in a row.
www.anews.az
By 8:56 (GMT+4), the price of December futures for gold on the Comex New York stock exchange decreased by 0.27% or by $4.95 to $1,858.95 per troy ounce.
December futures for silver fell 0.25% to $25.238 per ounce.
The gold price was supported by statistics on record inflation in the US. According to official data, annual inflation in the country jumped to 6.2% in October from 5.4% a month earlier, while it was expected at only 5.8%. October data hit a record high since 1990.
Such statistics increased inflationary risks, which supported gold. As a result, since the beginning of the week, the price of gold has shown an increase of about 2.3%, the indicator has grown for six trading sessions in a row.
www.anews.az
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