After the missile height, a limited decline in gold prices

After the missile height yesterday, gold prices recorded a slight decline in trading on Thursday.
And decreased by $ 7.90, or 0.5%, to 3308.70 dollars an ounce this month, after its increase yesterday by 107.90 dollars, or 3.4% to 36.60.626 dollars for the ounce yesterday.

Today, the result of profit reaping can be declined after the precious metal recorded a new record on Wednesday.

Gold prices

The value of the US dollar also affected the gold, as the US dollar index increased by 0.2% after it decreased to its lowest levels in three years in the previous session.

The price of gold also decreased with US President Donald Trump with optimistic statements regarding trade talks with other countries, as he said in a post on the “Truth Social for social media yesterday that” great progress “had been made in a meeting with the Japanese commercial delegation.
He added in a publication this morning: “I made a very fruitful call with the President of Mexico yesterday. Likewise, I met the highest level of Japanese trade representatives. It was a very fruitful meeting. All countries, including China, want to meet! And today, Italy,” referring to his meeting today with Italian Prime Minister Georgeta Meloni.

Labor market

In terms of economic news, US unemployment benefits decreased again, in light of the continued resilience of the labor market despite fears of stagnation.

The Ministry of Labor said today, Thursday, that the unemployment subsidy requests fell by 9000 to 215 thousand during the week that ended on April 12.
It also showed economic data published today, Thursday, the number of new housing projects that started work during the past month in the United States, also showed much more than expectations.
The US Department of Commerce stated that the number of housing projects that started work during last March decreased by 11.4% to the equivalent of 1,232 million units annually, after its rise by 9.8% to the equivalent of 1,494 million units annually during last February, according to the modified data.