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Direct: Gold prices extended their overall gains to more than $ 24 on Friday, as new hopes of lowering US rates came to light.
Investor expectations of further interest rate cuts by the Federal Reserve in September were boosted by negative economic data on the manufacturing and labor markets.
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.
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.
Trump's decision was made despite the resumption of trade talks this week, but he pointed out that China has failed to buy large quantities of US agricultural products as promised.
At 1432 GMT, the price of gold futures for December delivery increased by approximately 1.7%, or $ 24.10 per ounce, to $ 1456.50. l & # 39; ounce.
Spot metal delivery rose 0.1% to $ 1,446 an ounce, its highest level in two weeks.
During this period, the leading dollar index, which measures the currency's performance against six major currencies, fell 0.2% to 98.192.
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