Gold
fell today after four consecutive days of growth, caused by uncertainty about
the fate of the Chinese economy. The spot price went down to $ 1136 per troy
ounce after yesterday's one-week peak of $ 1147.
the long-drawn losses in Asian markets can redirect resources to the yellow
metal to support it, especially after yesterday it showed that factory activity
in the US hit a two-year low in August and earlier it was reported that same
sector in China has shrunk last month with the highest rate for the last three
years.
The markets' attention is directed to the US jobs data for August, which will
go out on Friday. Strong data will reinforce the opinion that there will be an
increase in interest rates of the Federal Reserve. This will become clear after
the meeting on 16 and 17 September.
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