Gold prices on Wednesday morning are moderately declining amid rising yields on US government bonds – the main alternative instrument for «safe» investments. In particular, the yield of ten-year US Treasuries has been rising for six weeks in a row and now stands at 3.338%. The price of December gold futures on the New York Comex exchange fell to $1,705.85 per troy ounce. December silver futures fell to $17,832 per ounce. Experts note that gold is again in the danger zone today, as bond yields have soared. It is expected that the world's central banks will be quite aggressive with an increase in interest rates, which will contribute to an even greater reduction in the price of gold due to the strengthening of the US dollar. Analysts predict that the situation on the gold market may become even worse if the price of precious metals falls below the level of $1,690 per ounce, since there is no big support to the $1,650 mark.
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