Metals Under Pressure – Investing.com

Metals Under Pressure – Investing.com

rebounded above $1,800 on Friday, supported by bets that central banks could keep interest rates relatively low to stave off persistent growth risks. On the week, however, the ounce lost ground as the strengthened, while investors continued to question the timetables for reducing central bank support.

rose 0.3% to $1,800.40 in morning trading, but the weekly balance sheet is currently negative for the first time in five weeks. Facilitating gold's advance, the dollar weakened, making the precious metal more attractive to those holding other currencies. Gold continues to be surrounded as central banks are in no rush to raise interest rates. "Growth remains a very big concern for central banks," said Stephen Innes, managing partner at SPI AM. 

Investors have been watching the Fed's signals closely, as gold, a yield-free asset, tends to benefit from the low-rate environment, while some see the barbaric relic as a hedge against higher inflation fueled by massive stimulus measures. And the signals have been mixed, with a recent Fed report showing the US economy "slowed slightly" in August. But a number of Fed officials said this week that the slowdown in job growth in August would not call into question plans to reduce