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After a rising data, the unemployment rate in the United States and wage growth lower than expected were higher than expected, and wage growth is a sign of potential inflation that could prompt the Federal Reserve to increase its interest rates
A weak dollar would provide gold support as it would make the precious metal cheaper for holders of other currencies.
Imports from China reached $ 34 billion of dollars, the Chinese Ministry of Commerce immediately reacted by charging 25% of US products of the same value.
Markets have absorbed tariffs and stocks have climbed the yellow gold as a tool of Investment
At the end of the US market, gold was trading at $ 1255.30 an ounce, down 0.2% after falling earlier in the session to $ 1252.15. The week ended with gains for the first time in four weeks
US gold contracts for August fell 0.2% to settle at $ 1255.80. Ounce
Among other precious metals, spot silver rose 0.2% to $ 16.01 an ounce. Rose 0.14 percent to $ 839.35 an ounce, ending the week with a loss of 0.3 percent.
Palladium fell 0.2% to $ 949.95 ounce, ending the week down 0.1%
This is the fourth consecutive loss for all three Metals
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The United States and lower wage growth than expected in June, although the economy has created more jobs than expected, and wage growth is a sign closely watched inflation that could push the Federal Reserve to further increase its interest rates.
This gives support to gold as it makes precious metal
US tariffs on Chinese imports of $ 34 billion began Friday, and the Chinese Ministry of Commerce immediately imposed a 25% tax on US products of the same value.
Markets have been quietly absorbed The rising stock markets are putting pressure on gold prices by reducing demand for the yellow metal as a safe investment tool.
At the end of the trading session, gold was trading at $ 1255.30 an ounce, down 0.2% after earlier in the meeting at Mst Z below $ 1252.15. The week ended on gains for the first time in four weeks
US gold contracts for delivery in August fell 0.2% to settle at 1255.80 $ the ounce
Among the other precious metals, spot silver rose 0.2% to $ 16.01 an ounce. Rose 0.14 percent to $ 839.35 an ounce, ending the week with a loss of 0.3 percent.
Palladium fell 0.2 percent to $ 949.95 an ounce, ending the week down 0.1 percent
This is the fourth consecutive weekly loss for all three metals.
