Hi Friend, here is the fundamental update for Gold future
Gold prices signed on Friday as the dollar slightly weakened after disappointing U.S. data indicated that economic momentum was slowing, supporting the United States. The "patient" monetary policy approach of the Federal Reserve.
Spot gold price rose by 0.5 percent from the previous session with current price at $1,312.82 per ounce, while US gold futures were seen at $1,315 per ounce due to weakening dollar.
The dollar index was recorded at 97.01, lower against its major peers, indicating further slow economic momentum.
Gold prices signed on Friday as the dollar slightly weakened after disappointing U.S. data indicated that economic momentum was slowing, supporting the United States. The "patient" monetary policy approach of the Federal Reserve.
Spot gold price rose by 0.5 percent from the previous session with current price at $1,312.82 per ounce, while US gold futures were seen at $1,315 per ounce due to weakening dollar.
The dollar index was recorded at 97.01, lower against its major peers, indicating further slow economic momentum.