On Friday Gold hovered near a 120-day low touched in the previous session, after the U.S. FED dampened the expectations of a rate cut in the near future. That boosted the USD and set the popular yellow metal for a weekly fall.
A stronger USD makes gold more costly for buyers of other currencies. The Gold dropped about 1% so far. Spot gold was traded at $1,271.24 per ounce, while the U.S. gold futures were steady at $1,272.19 an ounce.
The U.S is crushing the trade deal
Weekly Report - 06/05/2019