The price of gold falls as the demand for safe haven falls

Gold prices remained under pressure on Friday, as good US statistics encouraged investors to return to riskier assets, hurting demand for safe yellow metal and pushing platinum down 3%.

At 7:09 pm GMT, spot gold fell 0.6 percent to $ 1,509.41 an ounce, after falling 1 percent to $ 1,504.30, its lowest level since August 23.

Futures on US gold fell 0.5% to $ 1,517.90 an ounce.

Gold prices fell Thursday by 2%, after positive data on employment in the private and service sectors in the United States. These troughs push the gold on the path of losses for the second week in a row.

Traders are turning to the US monthly employment report, due out at 12:30 GMT, to take a closer look at the strength of the US labor market.

Risk appetite was also boosted by the announcement that the United States and China agreed to hold high-level talks in early October, fueling optimism about the significant progress made in reducing escalation. in the hard and prolonged trade dispute.

Gold has jumped around 18% since the start of the year, with the trade war fueling fears of a slowdown in the global economy and encouraging the world's major central banks to lower interest rates.

For other precious metals, silver fell 1.4% to 18.37 dollars an ounce, after falling 4.8% in the previous session. Money remains on the rise. Money has reached its highest level since September 2016 on Wednesday.

Palladium dropped 0.7% to $ 1,548.94 after three consecutive sessions up.

Meanwhile, platinum fell three percent to 928.25 dollars an ounce.