The precious metal is trading on a decline with the opening of the European markets for the opening session of the week today, Monday, December 2, as gold loses about 0.75% or about $ 20 and trades at levels of $ 2633 per ounce after declines of more than 1.5% last week amid anticipation in the markets for US employment figures at the end of this week.

The rises in the US dollar general index this morning, in addition to the declines in the European currency, the euro, supported the declines in the yellow metal as the far-right party in France threatened to overthrow the government amid a confrontation over the state budget, which caused a decline in French bonds in light of the political instability in the second economy in the European region, in addition to the statements of the European Central Bank member, Kazaks, on the need to continue reducing European interest rates.

In contrast, the US dollar received additional support after US President-elect Donald Trump warned the BRICS alliance that it should not create a currency competing with the dollar and replace the dollar in foreign transactions, threatening to impose 100% customs duties on countries that pledge to issue a new international currency

. The markets are awaiting the US Department of Labor’s announcement of its latest reports on the US labor market in non-agricultural sector jobs NFP for November on Friday evening at the end of the week’s trading, where expectations indicate the addition of 200,000 jobs in November after adding only 12,000 jobs in October, while expectations indicate an increase in unemployment rates to 4.2%, while wage rates are expected to decline to 0.3%.

Silver, in turn, is trading at $30.23 per ounce, down about 1.22% after falling more than 3% last week.

Platinum is trading down about 0.66% at $939 while palladium is down about 0.83% at $970.