Gold rising amid weakening US dollar

Gold prices on November 25 morning are growing amid the weakening of the US dollar, Report informs referring to the auction data.

Thus, the price of December gold futures on the Comex New York stock exchange is growing by 0.44%, or $7.85, to $1,792.15 per troy ounce.

The US dollar index is falling 0.13% to 96.75 points.

The weaker dollar makes precious metals more accessible to holders of all other currencies.

The dollar strengthened in anticipation of the release of data on a sharp decline in the number of applications for unemployment benefits in the US, as well as after the publication of the minutes of the last meeting of the Federal Reserve System (FRS), which revealed the possibility of a more decisive tightening of monetary policy in the country.