Gold finished trading on Friday in the area of two-week lows, despite the publication of weak statistics on the US labor market.
On Tuesday U.S. President Donald Trump predicted a trade deal with China after positive comments by Beijing, calming nerves after a round of tariff hikes had sent markets reeling.
On Monday oil market is making attempts to reclaim positions after losses during Friday’s session.
Gold continues to renew multi-year trading highs amid rising tensions in the US and China.
During the week of August 26 to September 1, the market will be monitoring the situation in international trade and the latest economic statistics
High uncertainty about the prospects of the global economy has a restraining effect on financial markets
The EUR / USD pair is trading near weekly lows amid a stronger dollar, whose index has grown by almost 0.2% since the beginning of the day.
On Thursday, gold traded in different directions and ended the day with a slight decline.
Brent crude grade has closed the fourth consecutive day in the green, reacting on partial easing of tensions in relations between USA and China, and also growth of demand for dicey assets.
