Gold prices fall after US macro statistics release

Gold prices on May 12 morning continued to decline, which has been observed for the third consecutive day, Report informs referring to the auction data.

The price of June futures for gold on the New York Comex exchange fell by $4.85, or 0.24%, to $2,015.85 per troy ounce. July silver futures fell 1.02% to $24.177 an ounce.

Gold prices fell in price by more than 1% over the previous two trading days, silver by 5.74%. And as a result, for the whole week, the precious metal may show a decrease after two weeks of growth.

Markets in particular evaluated the US macro statistics, published on May 10. According to the report of the country's Department of Labor, annual inflation in the US slowed to 4.9% in annual terms from 5% a month earlier. This is the lowest figure since April last year.