Gold prices stabilized near the lowest level in the month of Friday, August 11th, ignoring US inflation data for the past month, which came better than expected, to end the week with losses.
And gold prices rose in spot transactions by 0.08% to 1913.53 dollars an ounce, but it was trading near the lowest level since the seventh of July, which it touched earlier in the day. It ended the week with a loss of 1.45%.
Gold recorded gains of 0.8% on Thursday, after data showed that the US consumer price index rose less than expected in July, which increased bets that the US Federal Reserve is unlikely to raise interest rates again in 2023.
2023-08-12 12:17:00
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