Gold prices are inactive on Thursday

The gold market is mostly stable on December 9, as investors await US official inflation reports and the Federal Reserve meeting. The main topic for discussion among analysts is the question of speed the United States economic stimulus be reduced. This information is very important for investors. Since a decrease in the incentives volume and a rate increase usually cause an increase in government bond yields. In this case, the risks for the asset owners such as gold, which do not generate income, increase. Experts point out the gold market to be already experiencing heightened expectations of a faster-than-expected rollback of the stimulus program. Therefore, fears are caused by an even faster than expected forecast, their reduction. During trading on Thursday, the price of gold fell by 0.04%, amounting to $1,781.33 per troy ounce. At the same time, silver fell in price by 0.55% – to $22.27 per ounce.


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Arseny Kudrin

Publicist, trader

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