Baku 18° C
Gold prices fall
Finance
- 25 July, 2022
- 07:16
Add Report.az to preferred Google sources
Stay up to date with the top news!
While the results of the two-day meeting of the US Federal Reserve System (FES) are expected to be announced, the gold prices fell slightly, Report informs.
The price of August futures of gold on the New York Comex exchange fell by $5.4, or 0.31%, to $1,722 per troy ounce. September silver futures fell 0.99% to $18.433 an ounce.
FES's decision will be announced on Wednesday. Analysts believe the discount rate will increase by 75 basis points to 2.25-2.5% at the meeting.
The tightening of monetary policy in the US is positive for the dollar. Analysts believe that in July, the price of gold will develop in the opposite dynamics to the exchange rate of the US dollar.
Author
Latest News
07:30
UEFA Champions League: Nine matches played on Round 4 opening day
Football
23:52
Georgian PM says opposition alliance had no prospects
Region
23:47
Photo
Azerbaijan's Victory Day celebrated in Ankara
Foreign policy
23:29
Photo
Video
Sites of Memory of Western Azerbaijan: Traces of Azerbaijani Heritage in Saral Village
Domestic policy
23:06
Eight killed, three injured in four-vehicle crash in Armenia
Region
22:39
Reuters: US billionaire leads securities swap plan to buy Lukoil's overseas assets
Other countries
22:18
Kobakhidze says Georgia seeks European integration with dignity
Region
22:07
Greenland parliament ratifies US security agreement
Other countries
21:34
Baku's private house prices rise 13.2% in October
Infrastructure