Gold falls in price after strengthening of dollar

Gold prices on April 28 morning fell against the background of the active growth of the US dollar against other world currencies, Report informs referring to the auction data.

The price of June futures for gold on the New York Comex exchange fell by $13.98, or 0.74%, to $1,874.72 per troy ounce. May futures for silver fell 1.58% to $23.09 an ounce.

The US currency continues to strengthen significantly against other major currencies - on April 28 the euro exchange rate against the dollar fell to a five-year low, the dollar also rose against the yen to a record level since 2002.

Against this background, there is a decrease in the cost of commodities, including gold, as they become unprofitable for holders of other currencies.