Gold prices breach $1800
Gold prices fell on Friday as the dollar index rose against major rivals, piercing the psychological level of $1800.
Later today we'll see important data from the US manufacturing PMI.
Some Fed officials mentioned this week the central bank could be heading for a 0.75% rate hike at its next meeting.
FOMC member John Williams believes the US economy could avoid getting into recession.
The final report of the GDP growth rate measured a contraction of 1.6% in the first quarter.
The Atlanta Federal Reserve expected a US contraction in the second quarter by 1%.
The dollar index rose 0.2% to 104.8 as of 5:38 GMT, with a session-high at 104.9.
Spot gold prices fell 0.5% to $1,797.5 an ounce, while marking a monthly loss of 2.2%, and a quarterly loss of 7.7%.
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.0236
|
0.0038
|
0.3766%
|
|
|
|
|
1.2117
|
-0.0000
|
0.0017%
|
|
|
|
|
20.625
|
0.261
|
1.282%
|
|
|
|
|
89.644
|
1.166
|
1.318%
|
|
|
|
|
95.18
|
-1.32
|
1.37%
|
|
|
|
|
1792.240
|
10.565
|
0.593%
|
|
