Gold is falling in price against the backdrop of the strengthening of the dollar

Quotes of gold futures on the London Metal Exchange on Monday fell to less than 1 thousand 200 dollars per troy ounce for the first time in 17 months. On the New York Stock Exchange Comex, December contracts fell 1.2% to 1,204 dollars 20 cents per ounce. Since the beginning of the year, the value of the contract has decreased by 9.4%. The strengthening of the US dollar negates the positive impact of increased demand for gold, which is a protective asset, against the backdrop of geopolitical risks. At the same time, analysts of ICBC Standard Bank expect the gold price to recover to $1,300 per ounce by December 2018.

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