Gold Slightly Depreciates on Monday Morning

Finance Mail examined the trading data on the morning of December 8 and found out what was happening with the gold market on that day. Gold is slightly depreciating on Monday morning as it awaits decisions from the US Federal Reserve, according to trading data. As of 8:27 am Moscow time, the price of the February gold futures on the New York Comex exchange was down $3.15 from the previous close, or 0.16%, at $4,236.4 per ounce. March silver futures were down 1.02% at $58.45 per ounce. The upcoming meeting of the US Federal Reserve this week, expectations for rate cut decisions, could suppress gold price declines.