Before the weekend, a growing risk aversion of investors helped the crisis protection to a stable week end.
At the weekend, an important meeting of the seven largest economies takes place in Canada. In the run-up to the event, the hope for progress in the dispute over international trade relations is obviously limited. However, capital flight from emerging economies such as Brazil is also currently presenting itself as a significant problem.
With a renewed increase in interest rates expected next week in the USA , this is more likely to be a source of unrest than relaxation. In such an environment, investors seem to be reducing their risk somewhat before the weekend.
On Friday afternoon, the gold price presented itselfwith held quotations. Until around 2.30pm (CEST), the most actively traded futures contracted for gold (August) by $ 0.60 to $ 1,302.40 per troy ounce.
Crude oil: offer of OPEC in descent