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Find all the economic and financial information on our Orishas Direct application to download on Play StoreAt the end of the week, the price of gold is about to rise for the third consecutive weekly period. It is supported by hopes that the US Federal Reserve will suspend interest rate hikes after its July meeting
.At 04:09 GMT, spot gold was little changed at $1,970.20 per ounce. It has gained 0.8% since the start of the week. Yesterday, as the dollar and bond yields soared on stronger than expected U.S. labor market data, the metal slid from a two-month high as the dollar and bond yields climbed on stronger than expected U.S. labor market data. U.S. gold futures rose 0.1% to $1,972.30
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