Gold may fall in price by 1% in May, Report informs.
The price of August futures for gold on the New York Comex exchange rose by $2.05 (0.11%) to $1,979.2 per troy ounce. July futures for silver rose 0.83% to $23.43 an ounce.
The decline in prices is facilitated, among other things, by the growth of the dollar index for May by about 2.5%. The American currency is supported by the slowdown in annual inflation in the US, as well as the solution to the country’s public debt issue.