Gold prices fall slightly

Gold prices on March 10 morning went slightly below $1,835 per troy ounce, according to trading data, Report informs.

Markets are waiting for the publication of macro statistics from the US.

The price of April gold futures on the Comex New York Stock Exchange fell by $1.2, or 0.07%, to $1,833.4 per troy ounce. May futures for silver fell 0.83% to $19.997 an ounce.

Traders’ attention remains around the signals from the US, which may indicate the plans of the US Federal Reserve System (FRS) at the key rate.

According to forecasts, unemployment in the country remained at 3.4% in February, and the number of jobs in non-agricultural sectors of the economy will grow by 205,000 after an increase of 517,000 a month earlier.

Strong statistics may support expectations of the tightening of the Fed’s monetary policy. According to CME Group, 60.2% of analysts expect an increase in the discount rate in March by 50 basis points to 5-5.25% per annum. At the same time, 39.8% expect an increase of 25 basis points, the same as in February. The pace of the rate hike will determine the dollar, which affects the price of gold.