Gold became cheaper by 6.4 per cent in July || Increased interest rates likely to rise

Gold prices have definitely declined 6.4 percent in July Month, which was the first time in the last two years. Investor confidence due to the low on July 20 to 3 per cent decline in the gold price per ounce was in 1077, which is the low of February 2010. The US is worse than expected figures in the dollar against major currencies fell by 1 per cent. This causes the gold on Friday with a gain of 0.59 per cent, to close at 1095 dollars per ounce.

US interest rates are likely to increase:-  US GDP growth in the second quarter was weaker than the market expected. The US GDP growth was 2.3 percent, while the estimate was 2.6 percent. But it's better than the first quarter. These causes US interest rates are expected to rise. The Fed's next meeting in September.