XAUUSD Trading Signals: On Friday, the beginning of Gold is relatively stable in relatively small quantities. The fundamentals have a recession, but technically oversold situations can help limit the loss. Gold is currently trading at its lowest level since August 17. This is just one business session after reaching the market low at $ 1167.10 on August 16.

On 0827 GMT, December Comex Gold is trading below $ 1187.20, $ 0.20 or -0.02%.

Gold was launched today by a strong US dollar six weeks ago. Dollars are being reduced by expectations of high interest rates, weak euro and solid American economic data.

On Wednesday, the U.S. The Federal Reserve has increased its benchmark interest rate by 25-basis points. It presented an enthusiastic outlook for the economy by suggesting another rate hike in December and perhaps three more signs in 2019.

Political issues in Italy are under pressure from the euro. It is helping to increase the appeal of the US Dollar as a safe haven asset.

On Thursday, the dollar was also supported by data, which shows that American economic growth sparked at its fastest pace in the second quarter in nearly four years. Another report revealed that the durable goods had increased 4.5 percent in August, which had retreated from the revised 1.2 percent decline in the first month.