Gold prices are falling on Wednesday due to the growth of the dollar and the yield of US government bonds. Quotations of December contracts on the New York Mercantile Exchange (NYMEX) by 17:38 Moscow time decreased by 0.46% to $1,781.50 per ounce, the lowest since August 3. Silver for September delivery falls 1.6% to $19.78 an ounce. The ICE-calculated index, which shows the dynamics of the dollar against six major world currencies, rises during trading by 0.2%. Meanwhile, the yield on 10-year US government bonds is 2.89% versus 2.812% at the close of trading on Tuesday. “Gold and silver prices are down again on Wednesday amid concerns about demand for precious metals following weak economic data from China and still-high recession fears in the US and globally,” said Jim Wyckoff, senior analyst at Kitco. Source: FINMARKET.RU

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