Gold prices rise slightly in anticipation of further US Fed policy

Gold prices rose slightly on August 17 morning after falling over the past two days, Report informs referring to the auction data and expert comments.

December futures for gold on the New York Comex rose $1.15, or 0.06%, to $1,790.85 a troy ounce. September silver futures rose 0.15% to $20.115 an ounce. At the same time, gold has become cheaper in the last two days - its price reached $1,785 per ounce.

Gold is depreciating as investors expect further steps from the US Federal Reserve System (FRS). So, the minutes of the July meeting of the regulator is expected, which may contain clues about the next steps of the regulator. The Fed's decisions affect the dollar, which, in turn, is sensitive to gold.