Despite the decline in the price of the US dollar during the past week, the gains of the bullish retracement of the goldpricetoday XAUUSD did not exceed the level of 1761 dollars per ounce.
contributed to an increase in demand for the yellow metal. The minutes of the last meeting of the Federal Reserve, which were released last Wednesday, provided further evidence that the US central bank is considering slowing the pace of raising interest rates as soon as next month. The minutes said that a "significant majority" of meeting participants judged a slower pace of rate hikes likely to be "appropriate soon".
With trading activity remaining subdued after the Thanksgiving holiday on Thursday, US stocks turned underperform during trading on Friday. Despite choppy trading, the Dow ended the session at a new closing high in seven months. The main averages ended the short session amid a clear difference in performance. While the Dow Jones rose 152.97 points, or 0.5 percent, to 3,4347.03, the S&P 500 fell 1.14 points, or less than a tenth of a percent, to 4,026.12 and the Nasdaq fell 58.
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