Gold prices fell in Asian markets today as investors weighed the impact that lower US inflation could have on future monetary policy decisions by the US Federal Reserve. reported "Politics".

Gold jumped yesterday after it was reported that the US consumer price index slowed more than expected in July, suggesting that the Federal Reserve may be less aggressive in raising interest rates.

Yesterday, the price of this precious metal first rose by 0,8 percent to $1, the highest level since July 807,93, after which the price began to decline and ended with a fall of 5 percent.

Gold continued its downward trend today on the Singapore stock exchange, where in morning trading the price fell by 0,3 percent to $1 per ounce, Bloomberg reports.

Some traders cut their estimates for a hike in the Federal Reserve's key interest rate and now see a half-percentage-point rate hike as the most likely outcome of the U.S. central bank's meeting next month, up from expectations for a 0,75 percent hike. .