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- Gold fell
Gold fell
The value of gold decreases,
while the U.S. dollar exchange rate shows growth after strong
consumer confidence data in the U.S..
According to the Conference Board, in May, the index of U.S. consumer confidence improved to 76.2 against 69 the previous month. Analysts had expected the result at 70.7.
At the same time, as shown by the results of recent studies, which were presented to the Federal Reserve Bank of Richmond, in the current month's index of manufacturing activity for the Richmond region increased slightly, but still remained below the zero mark. According to the report, in May, the index of manufacturing activity from the Federal Reserve Bank of Richmond rose to the level -2, from -6 in the previous month. It is worth noting that, according to the average forecast of most experts, the value of this index was to increase to +2. Recall that the index value below 0 indicates decreased activity, while rising above a given level involves increasing activity.
The cost of the June gold futures on COMEX today dropped to 1372.10 dollars an ounce.
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