The price of gold rising on Thursday as part of correction after a significant decline on Wednesday amid growing investor confidence in the fact that the U.S. Federal Reserve will not take new measures to stimulate the national economy.

At the close of trading on Wednesday, the spot price of gold fell by 3.5% - to a minimum over the past three months, the mark of 1614.10 dollars per troy ounce.

The strong decline in demand for gold, traditionally considered a reliable asset, followed by the publication of minutes of meetings of the Federal Open Market Committee, the U.S. Federal Reserve, indicating that the regulator does not intend to take new stimulus measures as it believes that the macroeconomic indicators are improving in recent months.

April futures price of gold on COMEX today rose to $ 1633.2 an ounce.