Price of gold falls after rising on Friday

The price of gold fell on the morning of the last trading session in July, bouncing back from the round mark of $2,000 per troy ounce after rising in price on Friday. At the same time,the cost of the precious metal may show growth compared to the beginning of the month, Report informs.

The price of December futures for gold on the New York Comex exchange fell by $7.3 (0.37%) to $1,992.6 per troy ounce. Compared to the beginning of the month, the price of gold may rise by 3.3%. September futures for silver fell by 0.53% to $24.365 an ounce.

Traders' eyes are on the US Fed's monetary policy as the regulator raised the discount rate by 0.25 percentage points to 5.25-5.5% per annum. Now, according to the CME Group, 80% of experts admit that the Fed will stop the cycle of tightening monetary policy and will keep the rate at the current level following the meeting in September.