Gold falls in price

Gold in the morning of the last trading session of the year fell slightly in price, largely due to the weak activity of buyers, Report informs referring to the auction data.

The price of February futures for gold on the New York Comex exchange fell by $2.75, or 0.15%, to $1,823.25 per troy ounce. March silver futures fell 0.45% to $24.137 an ounce.

So far since the beginning of the year gold prices have increased by less than 0.5%. At the same time, the previous drop in the cost of the precious metal was largely offset by the last two months of the year - for example, in December alone, its price increased by 3.6%.