Gold prices stable

Gold prices didn’t show pronounced dynamics on June 9 morning, Report informs referring to the auction data.

The price of August gold futures on the New York Comex stock exchange rose slightly by $0.35 (0.01%) to $1,979 per troy ounce. July futures for silver rose 0.21% to $24.398 an ounce.

On June 9 morning, the price of gold is generally stable, as the markets continue to wait for the next action from the US Federal Reserve. According to CME Group, 71.4% 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, is also stable. Thus, the index slightly grew by 0.06%, to 103.41 points.