Gold is stable in Asia

Barclays: the global economy on the road to recovery despite the continuing risk

Stabilized of gold prices in Asian trading on Friday with the investors refrain from trading actively before the report of the new jobs in America, which will be released later in the day andafter the latest economic data sent mixed signals on the status of largest economy in the world.

It is unlikely that the atmosphere of caution until the new jobs report in America for the month of August is expected to show an increase of 75 thousand jobs outside theagriculture sector compared with the increase reached 117 thousand in July.
The price of gold transactions for immediate 0.18 percent to $1,827.89 Dollars per ounce, little changed from its level a week ago.

And increased the futures of American Gold 0.08 percent to $1,830.70 Dollars an ounce destined to end the week on the gains of 1.9 percent.

Traders are also awaiting the inflation figures in China, which will be issued next week to measure the progress in Beijing’s battle against rapidly rising prices and the meeting of the Federal Reserve (Fed) on September 20.