Gold prices on September 11 morning showed moderate growth amid the weakening of the US currency, XQ informs referring to trading data.
The price of December gold futures on the New York Comex exchange rose by $7.15 (0.37%) to $1,949.95 per troy ounce. December silver futures rose 0.85% to $23.372 an ounce.
The growth of gold prices may be facilitated by the weakening of the dollar, making it more accessible for purchase in other currencies.
Thus, the dollar weakened against the euro, and its exchange rate against the yen fell by 1% on September 11 morning. The dollar index (the rate against a basket of currencies of six US trading partner countries) decreased by 0.12%, to 104.11 points.
Global markets also continue to wait for the meeting of the US Federal Reserve System (FRS). According to CME Group, 93% of analysts expect the discount rate to remain at the current level of 5.25-5.5% per annum in September.
