Current gold prices on Thursday morning grew slightly; with the second day remaining above $1,800 per troy ounce; markets are waiting for macro-statistics from the U.S., according to trading data. 

The price of December gold futures on the New York Comex Exchange rose $1.25, or 0.07%, to $1,808.15 a troy ounce. Silver futures for September delivery are rising by 0.68%, to 20.258 dollars per ounce.

Gold price analysis

The precious metal returned to above $1,800 an ounce after a certain break and the gold price may show growth for the third week in a row – by 1.5%. And in just three weeks, the price of gold will rise by 6%, or about $100, from $1,703.6 an ounce in that case.

Gold gained positively as a more reliable asset during political perturbations due to the situation between the U.S. and China. U.S. House Speaker Nancy Pelosi visited Taiwan on Tuesday and Wednesday. On Thursday, the Chinese army began a large-scale military exercise with live firing near Taiwan.

Investors are now waiting for U.S. labor market data for July, which could affect the country’s monetary policy, the dollar exchange rate and through that, gold quotes.

Analysts believe the unemployment rate remained at the June level of 3.6% and the growth of non-farm payrolls is estimated at 250 thousand after an increase of 372 thousand a month earlier.