Gold Reduces Losses After Trump Settlement



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Gold prices reduced losses Thursday after comments by US President Donald Trump on interest rate hikes and the dollar.

The US president expressed his dissatisfaction with the policy of rising interest rates, This will have a negative impact on economic growth, pushing the yellow metal to reduce its losses but still at the lowest level of 39, a year.

In the evolution of trade, the US Secretary of Commerce said that it was too early to talk about imposing tariffs on meeting the "Trump" European Union with the President of the European Commission next week

In economic data, jobless claims in the United States fell to a low of 49 last week, while industrial activity in Vladivia has increased more than expected this month. The yellow metal futures contract rose 0.3% to $ 1224 an ounce, after hitting $ 1212.30 an ounce earlier in the trading session.

By 17:55 GMT, the spot price of the yellow metal fell 0.3% to $ 1,224.21 ounce

Over the same period, the US dollar index is The currency's performance against 6 major currencies was estimated at 0.1% at 94.965.

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