Gold is at the minimum of six months

On Tuesday, gold fell to a minimum of more than 6 months against the cessation of the widespread sale of risky assets. Pressure on the precious metal also brought hope that an increase in the interest rate of the Federal Reserve System in the future would support the dollar. Growing concerns about the escalation of the conflict between the US and China and other trading partners contribute to the strengthening of the dollar. By 14:39 Moscow time on Tuesday, gold fell to 1 thousand 257 dollars 3 cents per troy ounce from 1 thousand 265 dollars per ounce at the closure of trading on Monday. The price of August gold futures in the USA fell by 10 dollars 30 cents to 1 thousand 258 dollars 60 cents per ounce.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
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