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Find all the economic and financial information on our Orishas Direct application to download on Play StoreBuoyed by expectations of lower rates
from the US Federal Reserve, gold prices rose slightly on Friday,
heading for their biggest weekly increase in three months.
The gold spot price rose 0.1% at
$3,548.09 per ounce at 07:41 GMT. The precious metal displays a
increase of 2.9% over the week.
American gold futures for
deliveries in December also took 0.1% to $3,608.90.
According to Ole Hansen, head of commodity strategy at Saxo Bank, “the orientation In the short term gold will depend on the American jobs report and its influence on expectations of lower rates, bond yields and the dollar. A low number could push prices to $3,650. The key support is between $3,450 and $3,500.”
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