Gold falls on US data



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Around 07:09 GMT, he retired D & # 39; gold In cash trading, 0.6% to 1509.41 dollars an ounce, after a 1% fall to 1504.30 dollars, the lowest level since August 23, and gold has dropped of US Futures 0.5% to 1517.90 dollars an ounce.

Gold prices fell Thursday, 2% after positive data on employment in the private and service sectors in the US, and these troughs pushed gold to losses for the second week in a row.

Traders are now waiting for the monthly report on jobs in the United States, which needs to be reviewed by 12:30 GMT to look into future sustainability. American labor market.

The appetite for risk was also boosted by the news United States China agreed to hold high-level talks in early October, fueling the optimism of the significant progress made in reducing the escalating bitter and protracted trade dispute between the two countries.

Gold has jumped about 18% since the beginning of the year, so that it was burned Commercial War Fears of a slowdown in the global economy have encouraged major central banks around the world to reduce their interest rates.

For other precious metals, silver fell 1.4% to 18.37 dollars an ounce, after falling 4.8% in the previous session.

And rest Money Towards the end of the week up, silver hit its highest level since September 2016 on Wednesday, and palladium dropped 0.7% to $ 1,548.94 after rising three times in a row, while platinum dropped 3% to $ 928.25 an ounce.

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By 07:09 GMT, spot gold fell 0.6% to $ 1,509.41 an ounce, after falling 1% to $ 1,504.30, its lowest level since August 23 , and gold futures futures contracts fell 0.5% to $ 1,517.90 an ounce.

Gold prices fell Thursday, 2% after positive data on employment in the private and service sectors in the US, and these troughs pushed gold to losses for the second week in a row.

Traders are eagerly awaiting the monthly report on US employment expected at 12:30 GMT to 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 is heading towards the weekend up, silver has hit its highest level since September 2016 on Wednesday, and palladium has dropped 0.7% to $ 1548.94 after rising three times in a row, while platinum dropped 3% to $ 928.25 an ounce.

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