The gold is about to achieve the first weekly gain in a month based on the US dollar retreat.

Gold prices fell slightly in the European market on Friday with a correction and profit after the highest level in three weeks, and prices tend to be the first weekly gain in a month, based on a decline in the US dollar against a basket of global currencies. Gold prices fell by 0.1% up to 09:05 GMT to be traded at the $1283.50 level of the opening level of $1285.12, registering the highest level of $1287.05, and the lowest level of $1282.59. The gold price yesterday added 0.3% in the second daily gain, respectively, and recorded the highest level in three weeks $1288.58 for the ounce , by the retreat of the US dollar, the American equities stopped rising on Wall Street. Over the current week, gold prices have reached a 1.1 percent rise, with the first weekly gain in a month, backed by a US dollar retreat against most major and secondary currencies, and the return of bonds The American class is ten years to the lowest level in two weeks. The dollar index spreads near the lowest level in a week, in a way towards the first loss in four weeks, with the U.S. currency sales accelerating against a basket of global currencies, especially with mounting concerns about possible delays in reform plans U.S. President Donald Trump's tax, which is heavily relied upon by the US administration in expanding the country's economic growth and boosting corporate profits. The Republican Party tabled a new tax reform bill on Thursday in the Senate, different from the bill currently being put forward by the same party Before the House of Representatives, the bill includes the reduction of corporate taxes to 20% from 35%, with the introduction of the new tax code in 2019. Gold holdings in the SPDR Gold Trust, the largest global indicator funds supported by gold, remained yesterday with no significant change in total 843.09 metric tons , the lowest level of holdings since 12 September last September.