Gold prices stabilize globally and are on the verge of realizing weekly gains



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Direct: Gold prices stabilized during Friday 's trading, recording record weekly gains, with the evolution of monetary policy and anticipating the announcement of economic data.

At 6:35 am GMT, the price of gold futures for December delivery was set at $ 1427.20 per ounce.

The metal experienced its biggest daily decline since July 5, with a drop of $ 8.9.

While the cash delivery price of the yellow metal rose 0.06% to $ 1,415.43 an ounce.

During this period, the leading dollar index, which measures the performance of the currency against major currencies, stabilized at 97.821.

The ECB decided yesterday to stabilize the interest rate, in a context of speculation that it would raise it.

However, the bank has stated that it expects interest rates to remain at current or lower levels until at least the first half of 2020, which represents an amendment to the wording of the declaration which adds for the first time the words "or lower levels".

Yesterday, economic data in the United States showed an improvement in performance, with new orders for durable goods in June for the first time in 3 months.

The US trade deficit narrowed to $ 74.2 billion in June, compared with a $ 72.4 billion decline last month.

US economic growth data for the second quarter are expected later today.

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