Por brijesh patel
(Reuters) – Gold rose Friday for the search for bargains before an expected labor report in the United States, after playing minimum of two weeks on the eve, but the signals of relief of commercial tension between Washington and Beijing kept the ingot on the way to their second weekly fall.
* At 1018 GMT, cash earned 0.6%, at $ 3,259.02, but accumulates a 1.8% decline in the week. Gold futures in the United States improved 1.4%, at 3,266.90 dollars.
* “The general level of appetite for the risk has improved this week due to the hope that we will see an improvement in the commercial relationship between the United States and China,” said Ole Hansen, head of raw material strategy of the Saxo Bank.
* The Chinese Ministry of Commerce said that the United States has repeatedly expressed its willingness to negotiate on tariffs and that Beijing’s door is open for conversations.
* The signals of possible commercial conversations raised the appetite for the risk and diminished the attractiveness of shelter assets such as gold.
* The market now expects the US non -agricultural payroll report, which will be published at 1230 GMT, to learn more clues about the possible path of the monetary policy of the Federal Reserve.
* A Reuters survey indicated that it is likely that non -agricultural payrolls have increased by 130,000 jobs in April after growing by 228,000 in March.
* In other precious metals, money in cash earned 0.1%, at $ 32.42 the ounce; Platinum rose 0.8%, to $ 966.4; and the paladium fell 0.2%, to $ 939.
(Edited in Spanish by Carlos Serrano)
