Gold price down by 12.3% after Fed's decision

Baku. 15 December. REPORT.AZ/ Gold prices fell by 12.3% up to 1146.7 USD per ounce against a background of increasing the Fed's key rate.

Report informs referring to trade results.

As of 00:05 Baku time gold traded on the Singapore Exchange for 1146.7 USD per ounce. At the time of the opening of trading price of an ounce of gold on the stock exchange amounted to 1159.8 USD.

On December 14, the Board of Governors of the Federal Reserve System (Fed) announced an increase in the base rate to 0.5-0.75%.