Golden futures were falling, which resulted in the reversal of gains in the previous session.
Futures decreased by 1.5 % at 3,297.20 dollars for an ounce of Troy. The precious metal is heading for its second weekly loss and is circulating at its lowest level for four weeks due to the low demand for safe term, after Israel and Iran agreed to a ceasefire at the beginning of the week.
Anz research analysts says in a note that investors are weighing geopolitical risks in the Middle East against Federal Reserve President Jerome Powell’s comments, who said he is still not sure of the effects of definitions on consumer enlargement.
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