Gold prices are on their way to the registration of minor weekly profits

Gold maintained its decline on Friday, but it remained on the road to achieve minor weekly profits, after the strong US work data strengthened the expectations that the Federal Reserve held the interest rates without changing next week. The precious metal was traded about $ 3370 per gram on Thursday after a loss of 0.6%, after a report showed that unemployment requests in the United States have decreased for the sixth week in a row, which has been the longest decline range since 2022. The markets are now expecting less than two reductions this year, as the first full reduction in October weighs. Trump’s differences and Powell return to the interface. Investors also followed the new tensions between President Donald Trump and the president of the Federal Reserve Jerome Powell, after criticizing the cost of the renewal of the central bank building project. Trump reiterated that Powell should lower interest rates, but added that the problems related to renewal are not a sufficient reason to reject the president of the central bank. Gold has increased by more than 25% this year, as the uncertainty surrounding Trump’s aggressive efforts to reform global trade and disputes in Ukraine and Middle East has led to a rabbit to safe ports. The progress of commercial negotiations supports dangerous assets, the precious metal has spread within a narrow scope over the past few months, after jumping to a record level of more than $ 3500 per gram over the past few weeks, as investors have been more confident in risky assets after US commercial negotiations over the past few weeks. The immediate gold price remained unchanged at 3369.67 dollars per gram in Singapore, with prices so far this week by 0.6%. The “Bloomberg” index completed for the immediate dollar, to 0.2% profits in the previous session. The prices of silver and palsmium remained unchanged, while platinum rose slightly.