Gold prices on September 15 morning are growing slightly as the dollar depreciates, remaining below $1,940 per troy ounce, Report informs referring to trading data.
The price of December gold futures on the New York Comex exchange increased by $4.6 (0.24%) to $1,937.4 per troy ounce. December silver futures rose 0.89% to $23.198 an ounce.
The dollar index (the rate against a basket of currencies of six US trading partner countries) decreased by 0.15%, to 105.24 points. A cheaper dollar makes gold more accessible to buy in other currencies.
During the week, gold was influenced by the dynamics of the dollar and inflation statistics in the US, which showed an annual acceleration in consumer price growth in August. The expectations regarding the monetary policy of the US Federal Reserve System (FRS) remain the main limiting factor for gold.