The price of gold has fallen in world markets.

The price of gold has fallen in world markets.

Referring to stock exchanges, Qazet.az reports that December gold futures on New York's "Comex" exchange decreased by 0.38% or 6.65 US dollars and sold for 1 747.75 dollars per ounce. The December futures price of silver decreased by 1.05% and amounted to 20,777 US dollars per ounce.

Stock markets are waiting for the December decision of the US Federal Reserve System (FED).

Traders are cautiously assessing the outlook for monetary policy in the United States. Most analysts expect another rate hike in December. The tightening of monetary policy has a negative effect on the price of gold.

Also, the market is currently affected by some strengthening of the dollar against other major world currencies, which makes gold available for purchase with other currencies.