Gold slowed the pace of the decline slightly after saving the Fed rate

MOSCOW, 8 November / PRIME /. The price of gold began to decline more slowly after saving the interest rate of the US Federal Reserve System (FRS), according to auction data.

As of 22.17 Moscow, December's gold futures prices on the New York Stock Exchange fell $ 0.6, or 0.04%, to $ 1225.6 per troy ounce. December silver futures costs declined by 0.67% – to $ 14.43 an ounce. Prior to the publication of the Fed's decision, gold was cheaper by 0.11% and silver by 0.71%.

After the November 7-8 meeting, the US Federal Reserve maintained the base interest rate at the level of 2-2.25% per annum. The decision coincides with the analysts' forecasts.

The Fed in a press release following the meeting has traditionally noted the continued strengthening of the labor market and high rates of economic growth in the United States. The regulator also positively assessed the active growth of household spending and noted a slight slowdown in investments in commercial enterprises.

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