Gold prices drop below $2,000 per ounce

The price of gold on Thursday morning retreated from the psychological level of $2,000 per troy ounce, as evidenced by the auction data.

Report informs that the price of April gold futures on the New York Comex exchange fell by $3.2, or 0.16%, to $1,985 per troy ounce. May futures for silver rose 0.21% to $25.87 an ounce.

A day earlier, gold fell 2.7%, from $2,060-$2,070 to below $2,000 an ounce. Traders are somewhat returning to risk, which is also evidenced by the growth of stock markets. Asian indices rose on Thursday by 1-4%, indices in Europe grew by 3-8% on Wednesday, the US indices gained 2-3.6%.

However, concerns remain about high energy prices, which could fuel inflation, according to the Wall Street Journal.