The price of gold fell on Friday, but as investors closely watched the development of the situation in the Middle East, the price of gold was moving towards its first monthly rise in five months. Financial analysts at Sukton said, “Precious metals prices rebounded due to the weakening of the US dollar after the release of weak GDP data, but given the lack of significant decline in US bond yields, this trend is not entirely convincing.” Meanwhile, the Federal Reserve kept interest rates unchanged at the July meeting, and Chairman Walsh provided little clear guidance on the bank's next policy steps.

The price of gold fell on Friday, but as investors closely watched the development of the situation in the Middle East, the price of gold was moving towards its first monthly rise in five months. Financial analysts at Sukton said, “Precious metals prices rebounded due to the weakening of the US dollar after the release of weak GDP data, but given the lack of significant decline in US bond yields, this trend is not entirely convincing.” Meanwhile, the Federal Reserve kept interest rates unchanged at the July meeting, and Chairman Walsh provided little clear guidance on the bank's next policy steps.