Gold prices are slightly lower on Wednesday morning after earlier gains, with an increase in US equity markets suggesting a return of risk sentiment from early-week volatility, trading data showed. As of 7.56 Moscow time, the price of an August gold futures contract on the New York Stock Exchange Comex decreased by 0.16%, or by $ 2.95 – to $ 1808.45 per troy ounce; on Tuesday, gold rose slightly. September silver futures fell 0.33% to $ 24.913 an ounce. At the beginning of the week, volatility was observed in the global markets associated with the risks of a pandemic. Investors feared that the delta strain, which is considered more infectious and dangerous, could lead to a new tightening of quarantines and affect the economic recovery. Although gold is traditionally a more reliable asset, its value fell on Monday due to a global sell-off, which led to a decrease in world stock indices by an average of 1-2.5%. After the correctional growth the day before, the price of the precious metal returned to decline, while the US stock indexes on Tuesday showed an increase of 1.5-1.6%. “The price of the precious metal has lost its recent gains following the rise in Wall Street indices, which has curbed demand for safe assets,” the Wall Street Journal quoted analysts at Oanda as saying. Source: PRIME