The rise in gold prices is supported by the decline in the dollar

Gold rose for the fourth consecutive session, today, supported by the decline in the dollar and the decrease in the returns of US treasury bonds, as it strengthened job data in the United States, which came weaker than expected, bets to reduce interest rates in September.

Gold rose in instant transactions 0.1 Percent to 3375.89 Dollars an ounce by an hour 02:39 GMT.

And US gold futures also rose 0.1 Percent to 3430.40 Dollars.

The dollar index meat is near the lowest level in a week, making gold within the reach of other currencies.

The return on standard treasury bonds decreased 10 Years to the lowest level in a month.

Clevin said Wong Special market analyst in Uanda: “The basic conversation that supports gold prices is that the Federal Reserve is still in a suitable position to really reduce interest rates in September.”

Employment growth in the states came United Scatter In He was Expected in July, in when It was completed amendment numbers Jobs not Agricultural Norm May Andono Lowering big Reach 258 one thousand job, In Indicate to deterioration Positions market the job.

According to tool Fad Watch Dependent For a group CMA, Sees Customers now that there is a possibility of a percentage 92 Percent to reduce the interest rate in September.

Marie Dali, head of the Federal Reserve Bank in San Francisco on Monday, said on Monday that, given the increasing evidence that the US labor market is deteriorating and that there is no indication of the continued inflation paid in customs duties, the appropriate time to reduce interest rates is approaching.

Gold, which is usually considered one of the origins of a safe haven in the shadow non Certainty Politician And economic, to Prosperity with cut Prices Benefit.

And Side Commercial, Threaten President American Donald Trump on Monday again increased customs duties on Indian goods due to New Delhi’s purchases of Russian oil. India described his remarks as “unjustified” and pledged to protect its economic interests, which led to an exacerbation of the commercial dispute between the two countries.

As for other precious metals, silver increased in instant transactions 0.1 Percent to 37.44 Dollar an ounce, and the platinum increased 0.1 Percent to 1330.31 Dollars, and ascending domium 0.2 Percent to 1204.25 Dollars.