Gold prices dropped in global markets

According to Mining News Pro -The price for one ounce of gold, which was down 0.4 percent in the previous session, fell 0.1 percent to $ 1,199 a cents today. Gold prices dropped 0.1 percent to $ 1,199 and $ 80 a day today.

The increase in job opportunities in the United States accelerated in August, and wages recorded the highest annual growth over the past 9 years. These positive labor market statistics have raised the possibility of rising interest rates by the Federal Reserve in September. This is the third highest interest rate this year.

The head of the Federal Reserve for the Dallas branch, Robert Caplan, said the Federal Reserve should continue to raise interest rates by mid-2019 and then decide whether to stop it.

US President Donald Trump warned on Friday that it would be prepared to impose tariffs on all imports from China.

Investors are looking closely at the developments in these two meetings, according to a forthcoming meeting of the European Central Bank and the Bank of England this week. The central bank is expected to report its readiness to cut bonds.

During the fall in prices, physical purchases rose last week in major Asian markets. Gold purchases have increased in India on the eve of the festival season in the country.