Gold price rises slightly in anticipation of US Fed's decision

Gold is stable on Tuesday morning, as the markets are waiting for the decision of the US Federal Reserve System (FRS) on the key rate.

Report informs, citing the auction data, that the price of August futures for gold on the New York Comex exchange rose by $0.3 (0.02%) to $1,962.55 per troy ounce. September silver futures rose 0.35% to $24.668 an ounce.

On Wednesday, the US central bank will announce its decision on the key rate. Markets assume that the regulator will raise the rate by 25 basis points from the current level of 5-5.25% per annum, after which it will begin to curtail the tightening cycle.