Golden shelters with the anticipation of traders of decisive US data

The price of gold has fallen, which puts it on the path of a weekly loss of about 2%, amid a technical fall in prices before issuing important US economic data. The precious metal fell by up to 0.8% on Friday, while investors are waiting for the issuance of personal consumption expenses in the United States – which is the preferred index of the Federal Reserve to measure inflation – and are scheduled later today. The markets will work to analyze this report, which offers real spending on families and wage growth in April, to monitor the impact of the global trade war that President Donald Trump is fighting on the economy. Oanda Asia Pacific said the decline is also driven by technical factors that precede the issuing of the data. He added: “The movements of gold prices have failed twice to penetrate the main level of short -term resistance to $ 3328, either during the US trading session yesterday or at the beginning of the Asian trade session today.” Gold’s attractiveness as a safe haven, despite the declines recorded this week, the attractiveness of gold as a safe haven is still in place, amid uncertainty that surrounds the customs duties policies, followed by US President Donald Trump, especially after a federal appeal on Thursday gave a temporary deadline against a previous ruling that threatens the greatest part of the He plans to set. Read more: The Court of Appeal allows Trump to set up his mutual fees during the litigation period and tensions with China returned to the front this week, where US Treasury Secretary Scott Besent, described American Chinese trade talk as “somewhat stumbled.” Earlier this week, the White House announced that the visas of Chinese students are being canceled, as well as new restrictions on the sale of electronic discs design software, which has an evil response from Beijing. These developments are likely to increase the attraction of gold as a safe origin, as Goldman Sachs has expected gold this week to remain a way to hedge against inflation in long -term investment portfolios, along with oil. The immediate gold price fell by 0.5% to $ 3300 per ounce in Singapore. The Bloomberg index also rose slightly after ranging in the previous session, while the prices of silver, Albadium and platinum dropped.