Global gold prices fall by over 8%

Global gold prices are falling on November 15 morning after a significant increase last week, Report informs.

Despite high inflation, the demand for precious metals still remains.

So, as of 9:38 a.m. (GMT+4), the price of December futures for gold on the Comex New York stock exchange decreased by 0.43%, or by $8.1, to $1,860.4 per troy ounce. December silver futures are down 1.07% to $25.078 an ounce.

Gold prices closed the entire last week with an increase of almost 3%. Investors reacted in this way to the data on the maximum inflation rate in the US in 30 years.

Experts predict that demand for gold will remain high unless global central banks soon announce measures to contain price increases.