Trump's tweet criticizing the Fed pushes the advances of gold

The President of the United States gives back gold.

Gold futures are heading toward the biggest gain in more than two weeks after Donald Trump criticized the Federal Reserve for its willingness to raise interest rates, which caused a fall in the dollar.

Low rates help increase the attractiveness of gold, which does not generate interest.

Trump's tweets followed comments similar to those published a day earlier. which fell to the lowest level in a year. Gold is heading for its fourth consecutive monthly decline after the strong dollar, higher interest rates, rising inventories and an expanding economy would undermine the attractiveness of metal as a safe haven badet. despite trade tensions between the United States and China. "President Trump has stopped the gold bbadists in their run," said Peter Hug, director of world trade at Kitco Metals Inc. in Montreal, in a note. Trump's views "could be the beginning of a broader policy where the United States wants to weaken the dollar to make US products cheaper and compensate for some of the damage caused by reciprocal tariffs offered by our trading partners." [19659003] Gold futures for delivery in August rose 0.5% to US $ 1,229.90 an ounce at 9:10 am. in the New York Comex. The metal fell Thursday to US $ 1,210.70, the lowest level since July 2017. The rebound on Friday reduces this week's losses to 0.9%.

The metal was in trouble after record record last year's highest gain since 2010 .

"Fit now hurts everything we did," tweeted Trump on Friday. "The United States should be allowed to take back what has been lost due to the illegal manipulation of the currency and the ADB trade agreements, the debt expires and we are raising the rates – really?"

An indicator of the US dollar The US dollar fell by 0.7%, suffering the biggest depreciation since March 21st.