Gold prices are likely to stand still this week

World gold prices decreased slightly as the USD index increased. Recorded at 11:00 a.m. on August 12, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 103,302 points (up 0.07%).

After a week without important economic data, the world gold market this week will receive a series of information that can affect the direction of this precious metal in the short term.

Including the number of manufactured products, consumption numbers, retail sales numbers in the US in July and weekly applications for continuous unemployment benefits and the number of US housing starts and construction permits in the US in July. July.

Kitco News' latest Continuous Gold Survey shows most majors expect prices to be flat or up this week, while the majority of retail traders expect the yellow metal to rise.