YEREVAN, JULY 22, ARMENPRESS. Gold prices continued to decrease on July 22 as a result of appreciation of the dollar and fear of raising the interest rates of the US Federal Reserve System. “Armenpress” reports about this, citing “Ria Novosti”.

At 18:13 by Moscow time the August gold futures depreciated by 12.5 USD or 1.13%, reaching to 1091 USD for one troy ounce at the New York's Comex exchange. September silver futures decrease by 0.03 percent, reaching to 14.78 USD for one ounce. Statistics of the US National Association of Realtors supported the strengthening of the dollar. The number of apartment sales increased by 3.2% in the secondary market of the US in June. Probability of raising interest rates of the US Federal Reserve System also suppresses the precious metals prices. The probability of raising interest rates minimizes the attraction to invest in gold, not giving benefits from interest rates and, at the same time, fostering appreciation of the dollar.