Gold futures fluctuated in a narrowly bearish range to see its rebound for the second consecutive session of its highest since November 7, deflecting the US dollar’s sixth index decline in nine sessions from its highest since January 22 of In 2017 according to the inverse relationship between them amid a lack of economic data Thursday by the US economy, the largest economy in the world because of the Thanksgiving holiday in the United States.

Gold futures for December delivery fell 0.02% to currently trade at $ 1,227.80 per ounce, showing a two-week rally from the top of $ 1.228.00 per ounce. 0.20% to 96.52, showing a rebound from the top since the beginning of last year compared to the opening at 96.71.

We have followed the Director General of the World Trade Organization Roberto Azivido that the rise in trade restrictions remains a real threat, adding that finding solutions to contain these threats requires the will of policy by the leaders of the G20, adding that if the situation continues as it is in the global economy , This will lead to growing economic risks, slower growth and employment rates, as well as inflationary pressures.

US President Donald Trump and his Chinese counterpart, Xi Jinping, are expected to meet on the sidelines of the G20 summit in Argentina by the end of this month amid market hopes of reaching a trade deal and resolving recent trade tensions among the world’s biggest economists, warning of a global trade war in the shadows. Trade protectionism pursued by the US administration recently with all countries of the world, especially China.

Republican President Trump on Wednesday said he wanted the Federal Reserve to cut interest rates. President Trump has recently sent many sharp criticisms to the Fed, saying it was his biggest threat and he was not happy with people. Whom he appointed within him, with the exception of Federal Reserve Governor Jerome Powell.