On Wednesday morning, the price of gold is slightly declining, as investors are waiting for the publication of inflation data in the United States. According to the latest data, December gold futures on the Comex exchange are trading at $1,932.45 per troy ounce. Yesterday, the precious metal quotes were located at $1,947. December silver futures also declined, reaching the level of $23.17 per ounce. Data on annual inflation in the US for August is expected to be published today. Analysts assume that annual inflation in the country will increase to 3.6% compared to the previous indicator of 3.2%. This could be the second consecutive month of accelerating price growth. Gold often reacts to statistics from the United States and statements by the Federal Reserve System on interest rates, as these factors affect the dollar exchange rate. An increase in rates may put pressure on the price of gold, as the precious metal becomes less attractive to investors in conditions of increased yields on US government bonds. It is also worth noting that the yield of ten-year US government bonds (US Treasuries) is growing, reaching 4,291% compared to the previous indicator of 4,265%. US government bonds are often viewed as an alternative to gold as a «reliable» asset, and changes in their yield can affect the demand for gold and its price.
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