Gold prices tend to bear a weekly loss in the midst of anticipation of the interest

Gold prices stabilized on Friday morning and on their way to a moderate weekly loss, while investors’ evaluation of the possibility of reducing interest rates by the Federal Reserve has investigated the strong data on the labor market and US retail sales concerns about the slowdown of the economy. The precious metal was traded during the early Asian trading hours below the $ 3.340 per gram level, with a weekly loss by 0.5%. This comes after unemployment requests for the fifth consecutive week dropped to the lowest level since mid -April, and retail sales in June. San Francisco Marie Dali said he still believes it is reasonable for policymakers who intend to lower interest rates this year, and emphasize that the bank should not wait long before moving. The Reserve is exposed to increasing pressure from President Donald Trump to facilitate monetary policy, along with the controversy over the project to renew its high -cost headquarters. Traders are waiting for the interest rate road and awaits the results of federal officials meeting at the end of this month to get clearer references about monetary policy trends. Gold is often negatively affected by the environment with high importance as it does not produce a return. Despite the decline in momentum recently, gold has risen by more than 25% since the beginning of the year, driven by the escalation of geopolitical tension and anxiety over the assets denominated in dollars, which strengthened the demand for gold as a safe haven. The metal has spread for a few months within a narrow range, with investors awaiting the development of Washington’s commercial discussions with a number of its partners, the way of reducing interest and impact of customs duties on the global economy. Gold recorded $ 3,338.96 an ounce at 08:50 o’clock Singapore time. The dollar Bloomberg index fell, while silver stabilized and stabilized platinum and bolladium slightly.