Fundamentals * Spotgoud rose by 0.5% to $ 3,492.50 per ounce from 0118 GMT – the highest since 22 April, when prices rose to a record height of $ 3,500.05.
* US Gold Futures for the delivery of December won 1.4% to $ 3,563.40.
* The US dollar has run away from a low point of more than a month against its rivals, making gold less expensive for overseas buyers.
* Data on Friday showed that the price index of the US Personal Consumption Spending expenses by 0.2% month by month and 2.6% year after year, both in line with expectations.
* Traders currently praise in a chance of 90% of a 25-basic reduction by the US Federal Reserve at the end of its policy meeting on 17 September, according to the CME Fedwatch tool. * Non-return gold usually performs well in an environment with a low interest rate. * On Monday, the American Minister of Treasury Scott Bessent said that the Fed should and should be independent, but added that it “had made a lot of mistakes” and defended the right of President Donald Trump to dismiss Governor Lisa Cook for the accusations of mortgage fraud.
* Trump criticized the Fed and his chairman, Jerome Powell, months before the non -reduction of interest rates, and recently focused on Powell about an expensive renovation of the bank’s head office in Washington.
* Investors are now looking forward to the American non-agricultural wage data owed on Friday to determine the size of the expected rate reduction of the FED later this month.
* Elsewhere, Silver fell 1.1% to $ 40.77 per ounce, after having hit the last session since September 2011. Platinum won 1.1% to $ 1,414.45 and palladium roe 0.8% to $ 1,128.
Data/Events (GMT)
0900 EU HICP Flash YY Aug
0900 EU HICP-X F, E, A, T Flash MM, YY Aug
1345 US S&P Global MFG PMI SA Auto
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