Gold prices stabilized on May 11 morning after a slight decline in value the day before, Report informs referring to the auction data.
The price of June futures for gold on the New York Comex stock exchange rose by $1 (0.05%), to $2,038.15 per troy ounce. July silver futures fell 0.4% to $25.547 an ounce.
The precious metal is sensitive to the US macro statistics, which can give signals for the country's monetary policy that in turn affects gold quotes through the dollar exchange rate and government bond yields.
According to the report of the country's Ministry of Labor, annual inflation in the US slowed to 4.9% in annual terms from 5% a month earlier. This is the lowest figure since April last year.
Now, according to the CME Group, more than 90% of analysts expect the US discount rate to rise by 0.25 percentage points.