Gold prices may fall by 1%

Gold may fall in price by 1% in May, Report informs.

The price of August futures for gold on the New York Comex exchange rose by $2.05 (0.11%) to $1,979.2 per troy ounce. July futures for silver rose 0.83% to $23.43 an ounce.

The decline in prices is facilitated, among other things, by the growth of the dollar index for May by about 2.5%. The American currency is supported by the slowdown in annual inflation in the US, as well as the solution to the country's public debt issue.

This week, investors are expecting statistical data on the US labor market. Analysts believe that unemployment in the country in May amounted to 3.5% after 3.4% in April.