The price of gold has fallen.
Business
12:24 12 Dec, 2022
The price of gold has fallen.
Referring to the stock exchanges, Qazet.az reports that February gold futures on the "Comex" exchange of New York fell by 0.65% or 11.7 US dollars and sold for 1799 dollars per ounce. The price of March futures of silver fell by 0.77% and amounted to 23,535 US dollars per ounce.
The strengthening of the US dollar has a negative effect on the price of the precious metal.
Thus, the dollar index (the exchange rate against the basket of currencies of the six trading partners of the United States) increased by 0.28% and reached 105.11 points. The appreciation of the US currency makes gold unaffordable for purchase in other currencies.