Gold prices fall on first day of trading week

Gold prices fell slightly on June 19 morning, Report informs referring to the auction data.

The price of August futures for gold on the New York Comex exchange fell by $2.95 (0.15%) to $1,968.45 per troy ounce. July futures for silver rose 0.4% to $24.218 an ounce.

The dollar index (the exchange rate against a basket of currencies of six US trading partners) rose by 0.06% to 102.31 points.

Markets continue to evaluate the events of the previous week. Thus, following the meeting, the US Federal Reserve System (FRS) expectedly kept the discount rate at the level of 5-5.25% per annum after a cycle of increases at ten meetings in a row. At the same time, the regulator admitted that the rate could be raised before the end of the year. The next Fed meeting will be held July 25-26.