Gold prices fell, the dollar continued to rise

On Tuesday, the dollar continued to rise on the background of an increase in the yield of US Treasury bonds. Therefore, the price of gold and silver fell somewhat. Due to fears caused by the threat of North Korea's nuclear weapons being re-tested, the fall in metal prices was not critical.

In the capital of North Korea recently announced that at any time a nuclear war could begin. In contrast, the American president is ready to negotiate with representatives of North Korea to prevent this.

Quotes of precious metals

As of 1:00 pm UTC+3, the price per ounce of gold was $1,289.88. For reference, yesterday the similar position was traded at $1.294,00.

Futures for precious metals for December delivery today can be bought at $1.291.7/ounce. This indicates a fall in the price of $11.2.

Silver also fell in price: from $17.18 per ounce, the value fell to $17.10.

As for platinum and palladium - they added in value:

• Today platinum is trading at $928.95 an ounce, while on Monday the trades closed at $928.50;
• an ounce of palladium costs $984.65 against $972.50 yesterday.

Major currencies

The US dollar has strengthened in terms of indicators on October 17. This was mainly influenced by the desire of Donald Trump to appoint the new head of the Fed, John Taylor, a Stanford economist. Mr. Taylor is a supporter of tight monetary policy, and in the current circumstances, it attracts investors.

The meeting of the US President and the likely head of the Federal Reserve was held on Thursday in the White House. John Taylor made a good impression on Trump, and in connection with this, the yield of US Treasury bonds increased.

In contrast, the euro today fell 0.2%, and is worth $1.1770. The pound fell by 0.1%, which is currently quoted at $1.3251.

Major currencies

The US dollar has strengthened in terms of indicators on October 17. This was mainly influenced by the desire of Donald Trump to appoint the new head of the Fed, John Taylor, a Stanford economist. Mr. Taylor is a supporter of tight monetary policy, and in the current circumstances, it attracts investors.

The meeting of the US President and the likely head of the Federal Reserve was held on Thursday in the White House. John Taylor made a good impression on Trump, and in connection with this, the yield of US Treasury bonds increased.

In contrast, the euro today fell 0.2%, and is worth $1.1770. The pound fell by 0.1%, which is currently quoted at $1.3251.