Gold keeps its profits after poor recruitment data and customs lights

The price of gold has stabilized after achieving the largest daily profits in two months in the Friday session, as investors still evaluate the impact of the poor US work data on the Federal Reserve interest rate. The precious metal is traded near the $ 3.360 per ounce level, after jumping 2.2% in the previous session, while the shares dropped. The highlight of gold, powered by two main workers, came: The great slowdown in the frequency of employment in the United States, which strengthened the reduction of interest bets, and President Donald Trump has given customs duties the most serious in the 1930s. Gold wins more than a quarter of its value since the beginning of the year. The work of the Work Statistics Office showed that the US economy added 73,000 jobs in July, while employment numbers were reduced by about 260 thousand jobs for the previous two months. Hours after the report was issued, Trump discharged the head of office in a move that confuses the markets. Gold has increased by more than 25% since the beginning of the year, supported by policy -unrest in Washington, and the increasing geopolitical tension around the world, which strengthened demand for safe havens. Investors and analysts believe that there are more profits on the horizon, in light of the ongoing purchase of central banks and the increasing risk of reducing interest. By 8:34 pm Singapore, gold fell 0.3% to $ 3,354,29 per gram, while the Bloomberg index settled for the dollar. Silver dropped 0.4%, and palladium and platinum dropped.