The price of gold on Friday morning is recovering after falling by 1.57% the trading day earlier, according to trading data. As of 7:59 Moscow time, the price of June futures for gold on the New York Comex exchange grew by $0.45, or 0.02%, to $1,825.76 per troy ounce. July silver futures are up 0.21% to $20.816 an ounce. In the gold market on Friday morning there is a corrective growth after a price decrease of 1.57% a day earlier. Such dynamics was facilitated by a sharp rise in the dollar index to 104.93 points. The more expensive dollar contributed to gold losing its $1,900 price point. In addition, the return of investors’ appetite for risk also reduced demand for the precious metal. “While gold is considered a safe asset, it has not lived up to that reputation lately,” DailyFX analysts told the Wall Street Journal. Source: PRIME

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