Price of gold falls by almost 0.5%

The price of gold fell on Monday morning by about 0.5%, Report informs.

The price of August futures for gold on the New York Comex exchange fell by $9.3 (0.48%) to $1,960.55 per troy ounce. July futures for silver fell 0.63% to $23.598 an ounce.

Markets continue to evaluate Friday's statistics from the US. Thus, unemployment in the country in May rose to 3.7% from April's level of 3.4% - analysts expected the figure at 3.5%. And the number of people employed in non-agricultural sectors of the US economy increased by 339,000 people, against an expected growth of 190,000.

In addition, the decline in gold quotes is facilitated by the growth in the yield of US government bonds. Thus, the yield on ten-year government bonds (US Treasuries) is growing to 3.727% from the level of the last close of 3.694%. US government bonds are a "safe investment" alternative to gold, so their quotes usually have multidirectional dynamics.