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Find all the economic and financial information on our Orishas Direct application to download on Play StoreThis Friday, gold prices rose, heading
towards a fourth consecutive weekly increase. The growing concerns
concerning the weakening of the labor market in the United States were taking the
Not on concerns about inflation, with the approach of a very sharp decline
Expected interest rates from the Federal Reserve next week.
Spot gold gained 0.5% at
$3,651.92 per ounce at 06:09 GMT, moving close to a record high
record of $3,673.95 reached on Tuesday. The precious metal displays a
increase of 1.8% since the start of the week.
American gold futures for
deliveries in December increased by 0.5% to $3,690.30.
The yellow metal, which does not generate returns, is
often considered as a safe haven in the face of inflation and
economic uncertainties, and tends to perform well in an environment of
low interest rates.
The yellow metal grew by around 39%
Since the beginning of the year, buoyed by a weak dollar, sustained purchases of
central banks, accommodative monetary policy and uncertainty
increased worldwide.
Elsewhere, money at Cash rose 1.2% to $42.07 per ounce, platinum gained 1.1% to $1,393.71 and palladium advanced 1% to $1,200.31. All three metals were also on the rise weekly.
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