On the other hand, the gold futures in USA too they gained 0.2%. In this way, they went to bed $1,927.40.
Gold: why its value rose
Gold tends to rise when expectations of rate hikes recedebecause lower rates reduce the opportunity cost of holding bullion, which does not earn interest.
The dollar rose 0.1%but headed for a weekly declinethat turned to gold in a more attractive bet for holders of other currencies.
The weak US economic numbers added to the comments from the heads of the Federal Reserve they ended up fanning the fear of a global slowdown. That pushed investors to take refuge in the metal.
As for other precious metals markets, the silver fell 0.1% at $23.80 an ounce, the platinum rose 0.5% to $1,037.91 and the palladium lost 1.2% to $1,732.48.
Source: Ambito
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