The gold price bounced from the lowest in five weeks, overlooking the high US dollar index up to him in nearly four months.

The futures price contracts for gold rose during the US session to see their lowest-hoped rebound since March 21, March, which has been condoned by the US dollar has risen upward since 11 January January according to the inverse relationship following the developments and economic data that they have followed. On Friday, the U.S. economy is the world's largest economy and on the cusp of revealing the final reading of the Michigan University's consumer confidence index.

At 1:57 pm GMT, futures for gold prices rose 15 June June, 0.36 percent for the time being. At $1,322.70, compared with the opening at $1,317.90, the US dollar index increased by 0.18% to 91.72 levels. Its highest in nearly four months compared to the opening at 91.56. 

We have followed up on the US economy, revealing the initial reading of GDP, which has shown the world's largest economy of 2.3 percent during first quarter versus 2.9% in fourth quarter, superior to Outlook at 2.0%, while the initial reading of GDP measured At prices slowed growth to 2.0% compared to 2.3% in the fourth quarter, worse than outlook at 2.2%.

In the same vein, the personal spending reading for the first quarter showed a slowdown in growth to 1.1% in line with expectations versus 4.0% in the fourth quarter, while the initial reading of basic personal consumption expenditures for the first quarter showed the acceleration of growth to 2.5%, also matched with expectations versus 1.9% In the fourth quarter, in conjunction with the reading of the labor cost index, the growth accelerated to 0.8% compared to 0.6% in the fourth quarter, which is superior to forecast at 0.7%.

Otherwise, markets are currently waiting for the final reading of the Michigan University's consumer confidence index, which may reflect the breadth of its value 98.0 compared to the initial reading of April April at 97.8 and 101.4 in March last March, as investors look forward to the Commission's meeting The Federal Open market on the first and second May next May by next week.

The gold holdings were stabilized by the S-P-D Gold Trust Fund, which is the world's largest gold-backed indicator fund on Monday Thursday without a little change from what it was on Wednesday at a total of 871.2 metric tons, which is the highest since the end of November of November 2016, and a little The fund's gold holdings rose by about 3% in 2017, by 23.63 metric tonnes, while gold prices rose 13% in 2017.