Gold prices rise amid situation with US national debt

Gold prices on May 24 morning grew after two days of decline, Report informs referring to the auction data.

Investors are waiting for the release of the May protocol of the Federal Reserve System (Fed) and continue to monitor the situation with the US public debt.

The price of June gold futures on the New York Comex exchange rose by $5.25 (0.27%) to $1,979.75 per troy ounce. July silver futures fell 0.13% to $23.593 an ounce.

Traders are in anticipation of the publication of the minutes of the May meeting of the US Federal Reserve, as a result of this event, the Central Bank once again raised the discount rate by 25 basis points, to 5-5.25%. The document may contain clues about the future monetary policy of the Fed.