Update prices
By 0404 GMT, it had declined gold In spot transactions, 0.2 percent to $2,653.38 per ounce due to the rise in the dollar.
And it makes a rise Dollar Gold is less attractive to holders of other currencies.
And it rose Gold prices by more than 14 percent since the beginning of the current quarter, recording the best quarterly performance since January 2016.
On a monthly basis, gold advanced six percent in September after rising to an unprecedented level of $2,685.42 on Thursday, a rise that was driven by a half-percentage point cut in interest rates in the United States, economic stimulus measures in China, and continued concerns about war in the Middle East.
US gold futures rose 0.3 percent to $2,695.80.
Friday’s data showed that American economy It maintained some of its strong momentum in the third quarter, while inflationary pressures continued to ease. The data reinforced expectations of another large interest rate cut at the Reserve Board meeting Federal (US Central Bank) in November.
Gold, which does not generate returns, is one of the preferred investment tools in an environment of low interest rates and during geopolitical turmoil.
As for other precious metals, it decreased Silver In spot transactions, it rose 0.4 percent to $31.49 per ounce, after reaching the highest level in 12 years on Thursday. It is heading to rise by eight percent by the end of the current quarter.
And he lost Platinum 0.1 percent, reaching $999.35, while it rose Palladium 0.1 percent to $1,012.50. The two metals are heading for quarterly gains, according to Reuters data.
