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- Gold continues to yesterday's decline
Gold continues to yesterday's decline
Gold prices are falling the second day in anticipation of the end of a two-day Fed meeting. In the markets of rumors that regulators have at this meeting will inquire the price, how much to inject new money into the economy, but so far these expectations are premature because the economic situation in the United States is far from critical.
At the same time, power of positive data went by the wayside. It became known today that house prices S & P / Case-Shiller 20 metropolitan areas with a seasonally adjusted rose by 0.9% m / m in May and consumer confidence unexpectedly rose in the U.S. in July. Personal income of Americans rose in June by 0.5% m / m, exceeding economists' forecasts, and personal expenses at the same time remained the same. The Chicago index of business activity, in turn, rose to 53.7 points from 52.9 points, topping forecasts.
The cost of the August gold futures on the COMEX today fell to 1611.4 dollars per ounce.
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