World gold has been on the path to a weekly reduction.
Gold prices on Friday's world market traded on a weekly decline with the dollar's resistance and uncertainty about Donald Trump's tariffs.
The price of gold per ounce for immediate delivery fell by 4.9 percent, to $ 2 and 2 cents. The price of gold in the US futures market fell by $ 1.5 to $ 2 and 2 cents. Gold bullion has fallen by 4.9 percent since the beginning of this week.
The dollar index started a new market with a 3.5 percent increase and made gold priced in US currency more attractive to foreign buyers.
The US Federal Personal Consumption Cost (PCA) Costs reports will be released this day, and economists said that inflation will rise by 4.9 percent in April compared to a 4.7 percent increase in March.
"Policymakers can still reduce interest rates twice this year, but the rates have to remain constant to ensure that inflation is on the way to the US central bank's 2 percent target," said San Francisco President Mary Dolly.
Gold's physical demand in India declined as domestic prices rise this week, while Premiums in China, the largest consumer, declined.
According to Reuters, in the market of other valuable metals, the price of silver was reduced to $ 2 and 2 cents, the Platinum declined by 2.9 percent, to $ 2 and 2 cents, and the palladium ounce dropped by 4.9 percent, to $ 2 and 2 cents.
Younes Mahmoudi
I am Younis Mahmoudi, a writer who has been writing for many years in the field of immigration and visa. I have always tried to explain complex and formal immigration information in a simple and understandable language for Persian speakers on the path of immigration. My experience of studying the laws of different countries and talking to those who really go this path has helped me write things that are practical and painful.