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Direct: The price of gold jumped more than $ 25 during Friday 's settlement, recording the highest level in 6 years with the loss of stocks and the US currency, realizing strong weekly gains.
The metal was supported by investor expectations that the Federal Reserve will further reduce its interest rates in September, as a result of negative economic data on the industrial sector and the labor market.
This week, the Fed has reduced its benchmark interest rate for the first time in 10 years by 25 basis points.
Official data show today that the economy has been added to the number of jobs in line with expectations, but the unemployment rate has remained unchanged despite forecasts of decline.
While US consumer confidence has risen but fell below expectations last month.
The precious metal also took advantage of the announcement Friday by US President Donald Trump to apply tariffs on Chinese goods worth $ 300 billion, or about 10% from next month.
Yellow gold gains coincided with sharp losses in US stocks during trading, as the Dow lost about 300 points.
At the settlement, the gold futures for December delivery rose 1.8%, or $ 25.10 an ounce, to $ 1457.50 an ounce, the most high level of the most active contract since May 2013.
During the week ending the day, the gold metal gained about 2.7%, or $ 38.
At 17:55 GMT, spot metal delivery fell 0.1% to $ 1443.20 an ounce.
During this period, the main dollar index, which measures the performance of the currency against six major currencies, decreased by 0.3% to 98.099.
Direct (economy)
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