Gold rose in price on Friday, but a slight decrease in prices is expected over the week. The strengthening of risky assets against the background of positive data from the United States reduced the demand for protective instruments. The spot price of gold rose to $3,365.60 per ounce, while futures for September rose to $3,363.30. Over the week, the price of gold fell 0.5% after two weeks of growth. The decrease in interest in gold is due to an improvement in investor sentiment caused by strong corporate reports and economic indicators. Retail sales for June exceeded forecasts, underscoring the resilience of the U.S. economy. These data strengthened the dollar and increased expectations that the Fed would not cut rates. Expectations of maintaining rates were also supported by stable June inflation data. During the week, the dollar rose 0.7%, for the second time in a row. However, demand from central banks remains strong. In May, global reserves increased by 20 tons, which is higher than in April, but below the annual average of 27 tons, according to data from the World Gold Council.
QUICK LINKS
Contactez-nous 
