The price of gold on Wednesday morning slightly decreased with an increase in U.S. government debt yields, but is trying to gain a foothold above $ 1,700 per troy ounce - a mark that was overcome after a strong rise in quotations the day before, follows from the trading data.

The December gold futures price on the New York Comex Exchange fell $4.25, or 0.25%, to $1,711.75 a troy ounce. December silver futures fell 0.37% to $21.422 an ounce.

A day earlier, the price of gold rose 2% to above $1,700 an ounce for the first time in nearly a month.