2023-09-04 20:26:14
Mubasher: By the end of trading today, Monday, gold prices headed towards a slight decline amid scant trading, supported by a slight decline in the dollar.
There was little change in gold in spot transactions at $ 1939.61 an ounce, following it rose to the highest level in a month at $ 1952.79 on Friday.
And gold fell in US futures contracts at the settlement, 0.1%, to 1965.70 dollars an ounce, while most US markets were closed on the occasion of the Labor Day holiday.
It is likely that the Federal Reserve has finished raising interest rates, as traders bet on Friday following a jump in the unemployment rate in America and moderate wage growth indicating that labor market conditions are improving.
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