Gold prices fall

Gold prices declined moderately on May 10 morning, while investors are waiting for the statistics of consumer prices in the US, Report informs referring to the auction data.

The price of June futures for gold on the New York Comex exchange fell by $5.95 (0.29%) to $2,037.05 per troy ounce. July silver futures fell 0.22% to $25.84 an ounce.

According to experts’ forecasts, annual inflation in the US remained at the level of 5% in April, as it was recorded a month earlier.

Gold is sensitive to such statistics from the US. It affects the monetary policy of the Federal Reserve System, which, in turn, also influences the dollar exchange rate.

The next meeting of the US Federal Reserve will be held March 14-15. According to CME Group, 74.2% of analysts expect the refinancing rate to remain at the level of 5-5.25% per annum.