Gold futures fell on a weekly session as the dollar index rebounded for a second session in four sessions from its lowest since 7 November on the eve of economic developments and data expected Friday by the US economy.

Gold futures for December delivery fell 0.50% to currently trade at $ 1,221.90 per ounce from the opening at $ 1,228.00 an ounce, with the US dollar rising 0.17% to 96.87. From its low in two weeks compared to the opening at 96.71.

The market is currently looking for the initial reading of the Industrial and Service Purchasing Managers Index for the United States of America for the month of November, amid expectations that the industrial sector will expand to 55.8 from 55.7 last October and the service sector to 55.0 54.8 in October.

The Director-General of the World Trade Organization (WTO), Roberto Azevedo, said yesterday that the increase in trade restrictions remains a real threat, adding that finding solutions to contain those threats requires the political will of G-20 leaders, adding that if the situation continues as it is In the global economy, this will lead to growing economic risks, slowing 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 Group of 20 summit in Argentina next week 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 trade protectionism. The US administration has recently been pursuing with all the countries of the world, headed by China.

On Wednesday, US President Donald Trump expressed his desire for the Federal Reserve to cut interest rates. President Trump has recently made many sharp criticisms of the Fed, saying it is his biggest threat and he is not happy with people who He appointed them within him, with the exception of Federal Reserve Governor Jerome Powell.