Gold prices fall slightly in anticipation of US Fed decisions

Gold prices on October 28 morning showed no pronounced dynamics, as investors continue to wait for the next action from the US Federal Reserve System (FRS), Report informs referring to the auction data.

The price of December futures for gold on the New York Comex exchange fell by $1.75, or 0.11%, to $1,663.85 per troy ounce. December silver futures fell 0.13% to $19.470 an ounce.

According to the CME Group, 84.8% of experts predict that in November the Fed will again raise the discount rate by 0.75 percentage points, to 3.75-4% per annum.

At the same time, in anticipation of action from the Fed, the dollar index (the exchange rate against a basket of currencies of six US trading partners), which affects the price of gold, is also stable. Thus, the index fell by 0.08% to 110.52 points.