The price of gold on Thursday morning rose slightly, while investors are trying to predict the pace of monetary tightening in the US, Report informs.
The December gold futures on the New York Comex rose by $1.35, or 0.08%, to $1,778.15 per troy ounce. September silver futures fell 0.5% to $19.633 an ounce.
On Thursday morning, investors' attention was drawn to the minutes the US Federal Reserve System (FRS) meeting held on July 26-27. The document, published the night before, noted that some of the participants considered it appropriate to slow down the rate of increase in the discount rate. At the same time, other participants in the meeting believe that when the rate reaches high values, it should not then be reduced.
Gold is sensitive to monetary policy, especially in the US.