Gold prices fell slightly on Wednesday morning as markets awaited the release of US inflation data, XQ informs.

The price of December gold futures on the New York Comex exchange fell by $2.65 (0.14%) to $1,932.45 per troy ounce. December silver futures fell 0.99% to $23.17 an ounce.

On Wednesday, statistics on annual inflation in the US for August are expected to be released. Analysts believe that annual inflation in the country at the end of the month accelerated to 3.6% from 3.2% a month earlier. Consumer price growth may increase for the second month in a row.

Gold is sensitive to statistics from the United States and signals from the Federal Reserve System (Fed) on the discount rate, as this affects the dollar exchange rate, which is reflected in the price of the precious metal.

At the same time, the yield on ten-year US Treasuries rises to 4.291% from 4.265% compared to the previous trading day. US government bonds constitute an alternative to gold as a “reliable” asset, so their quotes, as a rule, have multidirectional dynamics.