Gold lost more than one percent during trading yesterday

Gold recovered some of its losses during the morning trading, taking advantage of the decline of the dollar to recover from the largest daily decline in about two weeks recorded during Thursday

Where gold lost more than 1 percent during yesterday's trading as the dollar recovered on strong data from the US economy showed the decline in unemployment benefits to the lowest levels in nearly 50 years, in addition to the rise in producer prices at the fastest pace in five months.

Gold is heading towards a record for its first weekly gain in three weeks, adding about 0.2 percent of gains as central banks move to less hawkish monetary policy.

Gold is likely to retest the psychological level around $ 1,300 at the end of the week, with some US figures being released later in the day.


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