[ad_1]
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 07:09 GMT, spot gold fell 0.6% to $ 1509.41 an ounce, after falling 1% to $ 1504.30, its lowest level since August 23.
US gold futures were down 0.5% to $ 1,517.90 an ounce.
Gold prices fell 2% Thursday after positive data on employment in the private and service sectors in the United States, and these troughs led gold to the drags losses for the second week in a row.
Traders are eagerly awaiting the monthly employment report in the United States, which is to examine the strength of the US labor market by 12:30 GMT.
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 that significant progress will be made in reducing oil prices. escalation in the bitter and protracted trade dispute between the two countries.
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.
On other precious metals, silver fell 1.4% to 18.37 dollars an ounce, after falling 4.8% in the previous session, and the money heads towards the weekend up. Money has reached its highest level since September 2016 on Wednesday.
Palladium dropped 0.7% to $ 1,548.94 after three consecutive sessions, while Platinum fell 3% to $ 928.25 an ounce.
Source link
