Gold prices rise slightly

The price of gold did not show a noticeable trend on Friday morning, Report informs.

The price of August gold futures on the New York Comex stock exchange symbolically rose by $0.2 (0.01%) to $1,970.9 per troy ounce. September silver futures fell 0.07% to $24.945 an ounce.

The price of gold is generally stable. The markets continue to be in anticipation of the next action by the US Federal Reserve System (Fed), the next two-day meeting of which will be held next week. According to CME Group, 99.8% of analysts predict that following the meeting, the rate will remain at the current level of 5-5.25%.

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, also demonstrates weak dynamics. So, the index has symbolically reduced by 0.08%, to 100.8 points.