On Monday, gold prices declined under the influence of a strengthening dollar. Investors are eagerly awaiting new signals from the Fed about a possible interest rate cut. The spot price of gold fell 0.2% to $2,651.99 per ounce, recovering some of the 1% increase in the previous session. U.S. gold futures lost 0.3% to reach $2,669.20. The dollar index rose 0.1%, approaching a two-month high recorded last week. A strong dollar makes gold less attractive to investors using other currencies. Analysts note that the high probability of a Fed rate cut is holding back the growth of gold prices. Traders estimate the probability of a Fed rate cut by 25 bps in November at 89%, and the probability of its preservation at 11%. Investors will closely monitor the statements of the Fed representatives during this week and the data on retail sales in the United States. At the same time, silver fell 1.3% to $31.1275 per ounce, while platinum declined 1.2% to $972.90, interrupting a two-day rise.
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