Gold prices, which have been declining recently on the back of the strengthening dollar, have reached a six-month low. At the time of writing, the precious metal was trading on the Comex exchange at $1881.55 per troy ounce, showing a correctional growth of 0.16%. On Wednesday, quotes fell below $ 1900 for the first time since March, writes the agency "Prime".
Negative dynamics contributes to the growth of the U.S. currency, which has recently remained stable against the backdrop of the mood of players who believe that a further increase in the key rate is likely. Since the beginning of the week, the dollar index has held above 106 points. Despite the fact that the U.S. Federal Reserve did not raise the rate at the last meeting, the latter is still at record high levels, which inspires concerns among market participants. In addition, comments from Fed chief Jerome Powell and other members of the central bank have reinforced expectations that the rate will continue to rise.